The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Central District of California
on behalf of a class who purchased REV Group, Inc. (NYSE: REVG) (“REV
Group” or the “Company”) securities pursuant and/or traceable to REV
Group’s initial public offering (“IPO”) on or about January 27, 2017.
Investors who wish to become proactively involved in the litigation have
until August 7, 2018 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the Class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in REV Group’s January 27,
2017 IPO. Members of the Class will be represented by the lead plaintiff
and counsel chosen by the lead plaintiff. No class has yet been
certified in the above action.
The complaint accuses the defendants of violations of the Securities Act
of 1933 by virtue of the defendants’ failure to disclose in connection
with the Company’s IPO that REV Group was unable to use its strong
visibility into future net sales to effectively plan and manage its
backlog of vehicles and its facilities were not operating efficiently or
at a low cost to satisfy customer demand.
According to the complaint, following a June 6, 2018 report that the
Chief Operating Officer was being replaced and that the Company was
working through challenges that were causing a strain on the supply
chain, the value of REV Group shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in REV
Group’s January 27, 2017 IPO and would like to learn more about this
lawsuit and your ability to participate as a lead plaintiff, without
cost or obligation to you, please contact Brower Piven either by email
or by telephone at (410) 415-6616. Brower Piven also encourages
anyone with information regarding the Company’s conduct during the
period in question to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
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