LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of persons and entities that acquired REV Group, Inc. (“REV” or the “Company”) (NYSE: REVG) securities: (1) pursuant and/or traceable to the Company’s registration statement and prospectus issued in connection with the Company’s initial public offering on or about January 27, 2017; or (2) between January 27, 2017 and June 7, 2018, inclusive (the “Class Period”). The claims are asserted under Sections 11 and 15 of the Securities Act of 1933, and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Investors are hereby notified that they have until August 7, 2018 to move the Court to serve as lead plaintiff in this action.
Investors that suffered losses on their REV investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights at 310-201-9150 or by email to firstname.lastname@example.org, or visit the REV case page on our website at www.glancylaw.com/case/rev-group-inc.
The complaint filed in this class action alleges that throughout the Class Period and/or in the Company’s offering documents, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the Company was experiencing cost inflation across many of the commodities and services it bought; (2) that the Company was experiencing difficulty obtaining the chassis necessary for production; (3) that the Company’s margins were being negatively impacted by a lower sales of high margin products, including custom fire apparatus, large commercial buses, and Class A RVs; (4) that the Company did not have “strong visibility into future net sales” to “effectively plan” and manage its backlog of vehicles; (5) that the Company’s manufacturing operations were not operating efficiently or at a low cost to satisfy customer demand; and (6) that, as a result of the foregoing, Defendants’ statements about REV’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
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If you purchased REV securities in the IPO or during the Class Period, you may move the Court no later than August 7, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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