United States  

“News neutrality by unbiased coverage”
One News Page
> >

REV GROUP INVESTOR ALERT: Important Deadline Established in Shareholder Class Action Lawsuit Filed Against REV Group, Inc. – REVG

GlobeNewswire Tuesday, 12 June 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.

*CONTACT:*

*KASKELA LAW LLC*
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related news from verified sources

National Beverage misses on 2Q estimates as it combats LaCroix seltzer scandal

National Beverage Corp (NASDAQ:FIZZ) reported disappointing fiscal second-quarter earnings in the aftermath of a seltzer scandal. The beverage company reported...
Proactive Investors - Business

Blumenthal Nordrehaug Bhowmik De Blouw LLP File a Class Action Lawsuit Against Crown Energy Services, Inc., for Allegedly Failing to Pay Overtime Wages to Their Employees

The class action complaint alleges that the company failed to pay proper overtime wages and did not provide the legally required off-duty meal and rest breaks to...
PRWeb - Press Releases

Class action lawsuit alleges deadly Calif. wildfire was caused by utility company

The utility company operating in the heart of the region devastated by the deadly Camp fire in California was named as the target of a class-action lawsuit...
USATODAY.com - Front Page

Rams, St. Louis PSL holders reach $24 million settlement

ST. LOUIS (AP) — The NFL’s Rams will pay $24 million to personal seat license holders in St. Louis who filed a class-action lawsuit after the team moved to...
Seattle Times - Front Page


Tweets about this


Other recent news in Press Releases

Lifestyle Brand Canvas Launches to Connect PEOPLE and Communities in AsiaMegaputer Adds Support for a 16th Language in its Advanced Text Analysis SOFTWARE
Belships ASA : MINUTES from extraordinary general meetingCALIFORNIA Public Utilities Commission Approves CALIFORNIA Water Service Provision of Regulated Water Service to Travis Air Force Base
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest