About the Investigation

On August 29, 2022, before the market open, the Company issued a press release announcing the sudden departure of the Company's Chief Executive Officer, after joining the Company on July 1, 2022. The Company also disclosed that it "received a whistleblower complaint in May 2022 alleging potential procedural irregularities and misconduct by certain employees at a plant belonging to one of its subsidiaries." Azure also noted that "it discovered deviations from safety and quality norms" and that it had "identified evidence of manipulation of project data and information by certain employees."

On this news, shares were down as much as 40% in early trading on August 29, 2022.

If you sustained losses from your transactions in Azure securities and would like to discuss your legal rights and/or options, please provide your information here: Shareholder Contact | Berman Tabacco.

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