Bragar Eagel & Squire, P.C. is Investigating Certain Officers and Directors of REV Group, Inc. (REVG) and Encourages REVG Investors to Contact the Firm
NEW YORK, Jan. 04, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of REV Group, Inc. (NYSE: REVG).
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On June 8, 2018, purchasers of REV Group filed a class action complaint against the company’s officers and directors for alleged violations of the Securities Act of 1933 pursuant to the company’s January 27, 2017 initial public offering (“IPO”). The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) REV Group was unable to use its “strong visibility into future net sales” to “effectively plan” and manage its backlog of vehicles; (2) REV Group facilities were not operating efficiently or at a low cost to satisfy customer demand; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times.
On September 5, 2018, REV Group released its 2018 third quarter results, disclosing that it had reduced its full year 2018 outlook and that “certain business units … have underperformed.” The company also revealed that it encountered production inefficiencies, which “delayed product shipments beyond the quarter within all three of [its] segments.”
If you are a long term stockholder of REV Group, have information, 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into REV Group please go to https://bespc.com/revg/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.