Lawsuit for Investors in shares of REV Group, Inc. (NYSE: REVG) Announced by Shareholders Foundation
SAN DIEGO, CA / ACCESSWIRE / July 17, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of REV Group, Inc. (REVG).
Investors, who purchased shares of REV Group, Inc. (REVG), have certain options and for certain investors are short and strict deadlines running. NYSE: REVG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On or about January 17, 2017, REV Group, Inc. sold 12,500,000 million shares of stock in its initial public stock offering, at $22. Then in October 2017, a secondary offering of 10,000,000 shares of common stock by certain selling stockholders was sold at the public offering price of $27.25 per share. Since the IPO and secondary offering, REV Group, Inc stock has declined from $33.15 per share in early 2018 to as low as $12.87 per share on June 7, 2018.
On June 8, 2018, a lawsuit was filed against REV Group, Inc. over alleged securities laws violations. The plaintiff claims that defendants made false and/or misleading statements and/or failed to disclose that, REV Group, Inc. was unable to use its "strong visibility into future net sales" to "effectively plan" and manage its backlog of vehicles, REV Group, Inc. facilities were not operating efficiently or at a low cost to satisfy customer demand, and that as a result, defendants' public statements were materially false and misleading at all relevant times.
Those who purchased REV Group, Inc. (REVG) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
