Then, on January 9, 2017, the Company issued a press release to report financial and operational results for the first quarter fiscal 2017. During a conference call to discuss those results, Defendant Nagel represented that "[d]emand softened in the back half of the quarter particularly for smaller projects apparently due to, what many of our customers are telling us, election jitters," and that profitability suffered from carrying excess employees during the quarter "with the anticipation of higher volumes" of sales than that actually generated. Following this additional news, shares of the Company's stock declined an additional $34.85 per share, or nearly 14.7 percent, to close on January 9, 2017 at $202.51 per share on unusually heavy trading volume.Finally, on April 4, 2017, the Company issued a press release to report financial and operational results for the second quarter fiscal 2017. During a conference call to discuss those results, Defendant Nagel continued to blame "the impact of continued softness in demand for certain short cycle, small lighting projects," but acknowledged for the first time that demand softness "could potentially linger into the second half of 2017." Following this news, shares of the Company's stock fell an additional $30.13 per share, or over 14.7 percent, to close on April 4, 2017 at $173.93 per share on unusually heavy trading volume. Plaintiff seeks to recover damages on behalf of a class of investors who purchased Acuity securities between June 29, 2016, and April 3, 2017 and is represented by the law firm of Rosenthal Monhait & Goddess, P.A., which prosecutes class and derivative actions on behalf of investors in state and federal courts primarily in Delaware. Acuity shareholders may, no later than March 5, 2018 , petition the Court to be appointed as a lead plaintiff representative of the class through Rosenthal, Monhait & Goddess, P.A., or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.