Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Brightview Holdings, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Brightview Holdings, Inc. ("Brightview" or the "Company")(NYSE: BV) of the June 1014, 2019 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 Brightview stock or options pursuant and/or traceable to the Company's July 2, 2018 initial public offering ("IPO") 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 email@example.com.
The lawsuit has been filed in the U.S. District Court for the Eastern District of Pennsylvania on behalf of all those who purchased Brightview common stock pursuant and/or traceable to the Company's July 2, 2018 IPO. The case, Speiser v. Brightview Holdings, Inc., No. 19-cv-01610 was filed on April 11, 2019.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (i) a material portion of Brightview's contracts were under-performing and/or represented undesirable costs to the Company; (ii) as a result of the foregoing, Brightview would implement a "managed exit" strategy to end its low margin and non-profitable contracts with customers; (iii) 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 (iv) as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.
Since Brightview's IPO, the Company's share price has declined from its IPO price of $22.00 by approximately 31.88%.
Brightview Holdings, Inc. (BV)
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Filed on 04/16/2019
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Richard W. Gonnello firstname.lastname@example.org Phone (212) 983-9330 Fax (212) 983-9331