REV Group Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | REV Group Inc |
Stock Symbol : | NYSE: REVG |
Class Period Start: | 01/27/2017 |
Class Period End: | 01/27/2017 |
Lead Plaintiff motion: | 08/07/2018 |
Date Filed: | 06/07/2018 |
Type of Case: | Securities Class Action |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the August 7, 2018 lead plaintiff deadline in a class action lawsuit filed against REV Group Inc (NYSE: REVG) (“REV Group” or “the Company”). Investors who purchased REV Group Inc securities pursuant and/or traceable to REV Group's initial public offering ("IPO") on or about January 27, 2017, have until August 7, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased REV Group 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 REV Group was unable to use its "strong visibility into future net sales" to "effectively plan" and manage its backlog of vehicles; REV Group facilities were not operating efficiently or at a low cost to satisfy customer demand; and as a result, defendants' public statements were materially false and misleading at all relevant times. On June 6, 2018, the Company revealed poor second quarter 2018 financial results which it attributed to “cost inflation,” the unavailability of chassis, and “lower-than-expected sales of certain higher-content product categories including custom fire apparatus, large commercial buses, and Class A RVs.” In addition, REV Group revealed that it had replaced its Chief Operating Officer, effective June 1, 2018. Following this news, REV Group’s share price fell nearly 19% on June 7, 2018. If you were negatively impacted by your investment in REV Group Inc securities pursuant and/or traceable to REV Group's initial public offering ("IPO") on or about January 27, 2017 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. 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 |