SAN DIEGO, Aug. 6, 2019 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP, is investigating potential claims
against International Flavors & Fragrances Inc. ("Flavors &
Fragrances") (NYSE: IFF) for violations of federal securities
laws.
On August 5, 2019, Flavors &
Fragrances announced it is investigating "improper payments" made
by Israeli ingredient and flavor subsidiary Frutarom, which the
company acquired in a $7.1 billion
deal in May 2018.
During the integration of Frutarom, the Company said, it was
made aware of allegations that "two Frutarom businesses operating
principally in Russia and
Ukraine made improper payments to
representatives of a number of customers."
Additionally, on August 5, 2019,
Flavors & Fragrances reported second-quarter financial results
and reduced its outlook for the full year.
Following this news, Flavors & Fragrances stock fell over
15% in early morning trading on August 6,
2019.
If you lost money, realized or unrealized on your Flavors
& Fragrances investment, and are interested in
learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If
emailing, please include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
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SOURCE Johnson Fistel, LLP