Astec Industries, Inc. Securities Fraud Class Action

VIEW COMPLAINT

Please complete this form relating to your transactions for Astec Industries, Inc. (Nasdaq: ASTE) stock between July 26, 2016 and October 22, 2018, inclusive (the “Class Period”).

You may also contact Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

Information Sheet

* Denotes required field

First Name *

Last Name *

Email *

Country

City

State\Province

Zip\Postal Code

Country Prefix

Phone Number

Phone Type

Purchase(s)

+ Additional Purchases

Sale(s)

+ Additional Sales

Date

# of Shares

Price per Share

Date

Principal Amount

Amount Paid

Series or CUSIP

Date

# of Contracts

Price per Contract

Exercise Price

Expiration Date

Did you purchase shares of Astec Industries, Inc. (2019) prior to the Class Period?

Yes

Are you a current or former employee of Astec Industries, Inc. (2019)?

Yes

The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.

I agree to the KTMC
disclaimer

Yes

I would like to receive
new case alerts by email

Yes

Submit Your Information

COMPANY	Astec Industries, Inc.
COURT	United States District Court for the Eastern District of Tennessee
CASE NUMBER	19cv00024
JUDGE	The Hon. Travis R McDonough
CLASS PERIOD	July 26, 2016 - October 22, 2018
SECURITY TYPE	All Securities

Case Background:

On February 01, 2019, the initial complaint in this securities class action was filed against Astec Industries, Inc. (“Astec” or the “Company”), and certain of Astec’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.

The complaint alleged that during the class period, the defendants made false and misleading statements and/or failed to disclose adverse information regarding Astec’s business, operations and prospects, including that its wood pellet plants suffered from significant and costly problems that prevented them from running at their promised production capacity, posing a threat to the Company’s pellet plant business, its overall financial performance, and its financial outlook. As a result of this information being withheld from the market, the price of Astec stock was artificially inflated to a high of nearly $70 per share during the class period.

This is a federal securities class action brought on behalf of those who purchased or otherwise acquired Astec securities between July 26, 2016 and October 22, 2018, inclusive.

Current Status of Case:

On August 26, 2019, Plaintiff filed an amended complaint (the “Amended Complaint”). Defendants filed a Motion to Dismiss the Amended Complaint on October 25, 2019. On February 19, 2021, the Court granted Defendants’ Motion to Dismiss the Amended Complaint. On June 4, 2021, Plaintiffs appealed the Court’s Order on the Motion to Dismiss to the United States Court of Appeals for the Sixth Circuit, and on March 31, 2022, the Sixth Circuit affirmed in part, reversed in part, and remanded the District Court’s decision for further proceedings. This action is still ongoing.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.