BrightView Holdings Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | BrightView Holdings Inc |
Stock Symbol : | NYSE: BV |
Class Period Start: | 07/02/2018 |
Class Period End: | 07/02/2018 |
Lead Plaintiff motion: | 06/14/2019 |
Date Filed: | 04/11/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Eastern District of Pennsylvania |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the June 14, 2019 lead plaintiff deadline in a class action lawsuit filed against BrightView Holdings Inc (NYSE: BV) (“Brightview” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of Pennsylvania and investors, who purchased BrightView Holdings Inc pursuant to the IPO completed around July 2, 2018, have until June 14, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased BrightView Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that a material portion of Brightview's contracts were under-performing and/or represented undesirable costs to the Company; as a result of the foregoing, Brightview would implement a "managed exit" strategy to end its low margin and non-profitable contracts with customers; this "managed exit" strategy would negatively impact Brightview's future revenue throughout 2018, and would continue to do so well into fiscal year 2019; and as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein. On or around July 2, 2018, the Company completed its IPO, in which the Company issued and sold 24,495,000 shares of common stock at an offering price of $22.00 per share, generating net proceeds of approximately $501.2 million after deducting underwriting discounts and commissions and other offering expenses. If you were negatively impacted by your investment in BrightView Holdings Inc securities pursuant to the IPO completed around July 2, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |