BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of BrightView Holdings, Inc. investors (“BrightView” or the “Company”) (NYSE: BV) concerning the Company and its officers’ possible violations of federal securities laws.
On February 7, 2019, the Company’s Chief Executive Officer attributed BrightView’s disappointing first quarter 2019 financial results to its “strategic Managed Exit initiative” related to underperforming contracts, which accounted for a decline of over $23 million in revenue for the full year fiscal 2018.
On this news, the Company’s share price fell $1.99 per share, or over 13%, over two trading sessions to close at $12.75 on February 8, 2019, thereby injuring investors.
If you purchased BrightView securities, 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 email@example.com, or visit our website at www.howardsmithlaw.com.
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