Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of REV Group, Inc. Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Jul 24, 2018--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased REV Group, Inc. (“REV” or the “Company”) (NYSE: REVG ) securities: (1) pursuant and/or traceable to the Company’s registration statement and prospectus issued in connection with the Company’s initial public offering on or about January 27, 2017; or (2) between January 27, 2017 and June 7, 2018, inclusive (the “Class Period”). REV investors have until August 7, 2018 to file a lead plaintiff motion.
Investors that suffered losses on their REV investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
The complaint filed in this class action alleges that throughout the Class Period and/or in the Company’s offering documents, 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, Defendants failed to disclose: (1) that the Company was experiencing cost inflation across many of the commodities and services it bought; (2) that the Company was experiencing difficulty obtaining the chassis necessary for production; (3) that the Company’s margins were being negatively impacted by a lower sales of high margin products, including custom fire apparatus, large commercial buses, and Class A RVs; (4) that the Company did not have “strong visibility into future net sales” to “effectively plan” and manage its backlog of vehicles; (5) that the Company’s manufacturing operations were not operating efficiently or at a low cost to satisfy customer demand; and (6) that, as a result of the foregoing, Defendants’ statements about REV’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
If you purchased securities in the IPO or during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005943/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 07/24/2018 04:02 PM/DISC: 07/24/2018 04:02 PM