REV GROUP, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against REV Group, Inc.
NEW YORK, June 12, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of all persons or entities who purchased or otherwise acquired REV Group, Inc. (NYSE:REVG) securities pursuant and/or traceable to REV Group’s initial public offering (“IPO”) on or about January 26, 2017 at $22.00 per share.
Investors who have incurred losses in shares of REV Group, Inc. are urged to contact the firm immediately at firstname.lastname@example.org or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have incurred losses in the shares of REV Group, Inc. and would like to assist with the litigation process as a lead plaintiff, you may, no later than August 7, 2018, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in REV Group, Inc.
According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that:
-- REV Group was unable to use its “strong visibility into future net sales” to “effectively plan” and manage its backlog of vehicles; -- REV Group facilities were not operating efficiently or at a low cost to satisfy customer demand; and -- as a result, defendants’ public statements were materially false and misleading at all relevant times.
REV Group last traded today at $15.94 per share, 28% below its IPO price in January 2017.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at email@example.com, or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: firstname.lastname@example.org, email@example.com or firstname.lastname@example.org Tel: (800) 575-0735 or (212) 545-4774
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