Robbins Arroyo LLP: REV Group, Inc. (REVG) IPO Documents Allegedly Contained Untrue Statements

SAN DIEGO & MILWAUKEE–(BUSINESS WIRE)–$REVG #REVG–Shareholder rights law firm Robbins
Arroyo LLP
announces that on June 26, 2018, purchasers of REV Group,
Inc. (NYSE: REVG) filed a class action complaint against the company’s
officers and directors for alleged violations of the Securities Act of
1933 pursuant to the company’s January 27, 2017 initial public offering
(“IPO”). REV designs, manufactures, and distributes specialty vehicles
in the United States, Canada, Europe, Africa, the Middle East, and

View this information on the law firm’s Shareholder Rights Blog:

The Complaint Alleges that REV Group Misstated Financials in its
Offering Documents

According to the complaint, REV touted that it had achieved sustained
growth across its operating metrics and that its ability to control
costs and its unique visibility into future revenue streams were key
competitive advantages that would allow it to grow margins and provide
investors with predictable financial results. The complaint alleges that
REV failed to disclose that its pre-IPO acquisitions resulted in an
organizational structure that prevented it from operating efficiently
and controlling costs. The complaint also alleges that REV did not have
leverage over its suppliers, subjecting it to sudden and substantial
cost increases on critical parts and materials.

REV’s September 5, 2018 release of its 2018 third quarter results
further rocked the company when it reduced its full year 2018 outlook
and revealed “certain business units … have underperformed.” The company
also revealed that it encountered production inefficiencies, which
“delayed product shipments beyond the quarter within all three of [its] segments.”

REV Group Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003,,
or via the shareholder
information form
on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.


Robbins Arroyo LLP
Leonid Kandinov
(619) 525-3990 or Toll Free
(800) 350-6003

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