REV GROUP INVESTOR ALERT: Important Deadline Established in Shareholder Class Action Lawsuit Filed Against REV Group, Inc. – REVG
Jun. 12, 2018
RADNOR, Pa., June 12, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against REV Group, Inc. (NYSE:REVG) (“REV Group” or the “Company”) on behalf of investors who purchased or acquired REV Group’s common stock pursuant and/or traceable to the Company’s initial public offering (“IPO”) of stock on or about January 27, 2017.
IMPORTANT SHAREHOLDER DEADLINE: Investors who purchased REV Group common stock pursuant and/or traceable to the Company’s IPO may, no later than August 7, 2018, seek to be appointed as a lead plaintiff representative of the investor class. REV Group investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to discuss their legal rights and options with respect to this action. REV Group investors may also visit www.kaskelalaw.com/cases/rev to submit their information to the firm.
On or about January 27, 2017, the Company completed its IPO of common stock by selling 12.5 million shares of stock at $22 per share, for proceeds of approximately $275 million.
The shareholder class action complaint alleges that REV Group made false and misleading statements and/or failed to disclose adverse facts to investors, including that: (i) REV Group was unable to use its “strong visibility into future net sales” to “effectively plan” and manage its backlog of vehicles; and (ii) REV Group facilities were not operating efficiently or at a low cost to satisfy customer demand. The shareholder class action complaint further alleges that, as a result of the foregoing, investors purchased REV Group’s common stock at artificially inflated prices and suffered significant investment losses.
REV Group investors have important options with respect to this action and are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to discuss their legal rights. REV Group investors may also visit www.kaskelalaw.com/cases/rev for additional information, or to submit their information to the firm.
Kaskela Law LLC exclusively represents investors in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
KASKELA LAW LLCD. Seamus Kaskela, Esq.201 King of Prussia RoadSuite 650Radnor, PA 19087 (484) 258 – 1585 (888) 715 – 1740 www.kaskelalaw.com