Accenture plc (NYSE: ACN)

This investigation is for anyone who acquired securities in Accenture plc (NYSE: ACN) prior to September 17, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by continuing to tell investors that the Company would meet guidance when the Company new that it would not meet guidance and, in fact, undertook a series of acquisitions designed to create the illusion that the Company was financially healthy.

On March 21, 2024, Accenture released its second quarter fiscal 2024 financial results, missing consensus estimates and lowering its revenue outlook for the remainder of fiscal 2024 to a growth rate of 1-3%, down from an earlier forecast of 5%. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on September 17, 2024, Bloomberg reported that Accenture had pushed back the majority of staff promotions by at least six months, “a further indication of the uncertainty roiling the professional-services industry as clients pull back on spending.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Accenture plc (NYSE: ACN) prior to September 17, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.