SHAREHOLDER NOTICE: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Filed Against REV Group, Inc. & Important Shar...
June 08 2018 - 7:34PM
Business Wire
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, petition 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, or via
www.kaskelalaw.com/cases/rev, for additional information about this
action and/or to discuss their legal rights and options.
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 are encouraged to contact Kaskela Law LLC to
discuss their legal rights and options with respect to this action.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180608005828/en/
KASKELA LAW LLCD. Seamus Kaskela, Esq.201 King of Prussia
RoadSuite 650Radnor, PA 19087(484) 258 – 1585(888) 715 –
1740skaskela@kaskelalaw.comwww.kaskelalaw.com
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