Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased or otherwise acquired
the securities of ADT Inc. (“ADT” or the “Company”) (NYSE: ADT)
between January 15, 2018 and May 21, 2018, inclusive (the
“Class Period”). ADT investors have until July 20, 2018 to
file a lead plaintiff motion.
Investors suffering losses on their ADT investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to email@example.com.
On March 15, 2018, ADT announced poor fourth-quarter 2017 financial
results, stating, in relevant part, that “diluted earnings per share
was $(0.06) versus $(0.07) in the same period last year” when excluding
On this news, ADT’s share price fell $1.28, or more than 12%, to close
at $8.93 per share, on March 15, 2018, thereby injuring investors.
The complaint filed in this class action alleges that, Defendants made
false and/or misleading statements and/or failed to disclose that: (1)
ADT’s Registration Statement made material misrepresentations and
omissions by failing to disclose historical metrics integral to
appraising ADT “key value drivers”; (2) ADT’s discussion of risk factors
did not mention or adequately describe the risk posed by the already
occurring 75% increase in year-over-year losses, the other complete yet
undisclosed materially negative 4Q and FY 2017 results and trends, ADT’s
dependence on the Trump tax cut to meet even the extreme low end of its
2017 estimate ranges, the omission of historically critical metrics, and
the likely and consequently materially adverse effects on ADT’s future
results, share price, and prospects; (3) defendants’ failure to disclose
then-complete materially negative 4Q and FY 2017 results and trends, and
ADT’s dependence on the Trump tax cut to meet even the extreme low end
of its 2017 estimate ranges, much less the likely material effects they
would have on ADT’s share price, rendered false and misleading the
Registration Statement’s many references to known risks that “if”
occurring “might” or “could” affect ADT; and (4) as a result, ADT’s
public statements were materially false and misleading at all relevant
If you purchased shares of ADT, have information or would like to learn
more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005796/en/