LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ADT Inc. ("ADT" or the "Company") (NYSE: ADT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Specifically, the investigation will focus on ADT’s registration statement including material misrepresentations by failing to disclose metrics important to appraising the company’s “key values drivers”. The company’s discussion of risk factors did not disclose the risk posed by a 75% increase in year-over-year losses which was already occurring, ADT’s dependence on the Trump tax cut to meet the low end of its 2017 estimates, and the omission of metrics critical for historical analysis. ADT's failure to disclose the complete materially negative Q4 and FY 2017 results and trends, amongst other materially negative facts, resulted in the registration statement being false and misleading in its references to risk that “if”, “might”, or “could” affect the company.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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