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Case Status:    DISMISSED    
On or around 10/31/2019 (Notice of voluntarily dismissal)

Filing Date: June 07, 2019

According to the Complaint, Pyxus is an agricultural company that historically focused on purchasing, processing, and shipping tobacco to manufacturers of cigarettes and other consumer tobacco products throughout the world. In February 2018, the Company announced its plans to diversify to include cannabis products. The Company changed its name from Alliance One International, Inc. to Pyxus on September 12, 2018.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company was experiencing longer shipping cycles; (2) that, as a result, the Company’s financial results would be materially affected; (3) that the Company lacked adequate internal control over financial reporting; (4) that the Company’s accounting policies were reasonably likely to lead to regulatory scrutiny; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On September 17, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. On October 31, Lead Plaintiff voluntarily dismissed the case.


Sector: Consumer Non-Cyclical
Industry: Tobacco
Headquarters: United States


Ticker Symbol: PYX
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. North Carolina
DOCKET #: 19-CV-00234
JUDGE: Hon. Terrence W. Boyle
DATE FILED: 06/07/2019
CLASS PERIOD END: 11/08/2018
  1. Blue LLP
  2. Glancy Prongay & Murray LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available