REV GROUP INVESTOR ALERT: Important Deadline Established in Shareholder Class Action Lawsuit Filed Against REV Group, Inc. – REVG
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.
*KASKELA LAW LLC*
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Radnor, PA 19087
(484) 258 – 1585
(888) 715 – 1740
DOVER, Del. (AP) — Nearly 700 people will be part of a class action lawsuit against a Delaware poultry processor over wastewater violations. A partner at law... Seattle Times - Front PageAlso reported by •TechCrunch
Harvard University is accused of biased admission criteria against Asian Americans. The claim by Students for Fair Admissions Inc is seeking a ruling from a federal judge. The closely watched lawsuit.. Source: Wochit News -
In trading on Thursday, shipping shares were relative leaders, up on the day by about 1.5%. Leading the group were shares of Dryships (DRYS), up about 13.5% and shares of Navios Maritime Holdings (NM).. Source: Market News Video -
According to BraodcastingCable.com Discovery has named Alex Wellen as president and general manager of the newly formed automotive-focused Motor Trend Group. Welllen will oversee the group’s.. Source: Wochit -
In trading on Wednesday, entertainment shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Twenty-first Century Fox (FOX), up about 7.1% and shares of Netflix.. Source: Market News Video -
In trading on Wednesday, general contractors & builders shares were relative laggards, down on the day by about 4.1%. Helping drag down the group were shares of KB Home (KBH), off about 6.5% and shares.. Source: Market News Video -
A major pet company in introducing three-day parental leave for employees getting a new puppy or kitten. According to News24 the plan is from Musti Group, the largest pet supply chain in Nordic.. Source: Wochit News -