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REV Group, Inc. (REV)

NYSE:REVG

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In REV Group, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in REV Group, Inc. (“REV” or the “Company”) (NYSE:REVG) of the August 7, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in REV securities on or about January 27, 2017 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you.You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased REV securities pursuant and/or traceable to the Company’s Initial Public Offering (the “IPO”) on January 27, 2017. The case, Seth Marinoff v. REV Group, Inc. et al., No. 18-cv-05095 was filed on June 8, 2018, and has been assigned to Judge S. James Otero.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose operational issues in its facilities as well as plan management within its IPO’s registration statement. The Company had touted that its vehicle backlog allowed it to predict future net sales and production needs.

Specifically, on June 6, 2018, REV reported its second quarter 2018 results for the period ended April 30, 2018, claiming that its earnings were “adversely impacted by near term commodity price inflation, supply chain constraints and shortfalls in [their] Commercial Segment.”

After the announcement, REV’s share price fell from $17.91 per share on June 6, 2018 to a closing price of $14.52 on June 7, 2018—a $3.39 or a 18.9% drop. Additionally, this closing price was approximately 34% below its $22 per share IPO price.

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  • Case:
    REV Group, Inc. (REV)
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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 06/14/2018

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