FINAL DEADLINE NOTICE: Important August 7, 2018 Deadline in Shareholder Class Action Lawsuit Against REV Group, Inc. - REVG

RADNOR, PA / ACCESSWIRE / August 2, 2018 / A shareholder class action lawsuit has been filed against REV Group, Inc. (NYSE: REVG) ("REV Group" or the "Company") on behalf of investors who purchased or acquired REV Group's common stock between January 27, 2017 and June 7, 2018, inclusive (the "Class Period").

IMPORTANT DEADLINE: Investors who purchased REV Group's common stock during the Class Period may, no later than August 7, 2018, seek to be appointed as a lead plaintiff representative of the class.

REV Group investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585 or (888) 715 - 1740, or via email at [email protected], to discuss their important legal rights and options with respect to this action. Investors may also submit their information online at http://kaskelalaw.com/case/rev/="http:>.

As detailed in the shareholder complaint, on June 6, 2018, REV Group disclosed that its second-quarter fiscal 2018 results were below expectations due to "cost inflation across many of the commodities and services we buy," and that "due to the length of our backlogs we were not able to mitigate these increases." The Company further revealed that "cost inflation will have an approximate $19 million impact on our current fiscal year,""production and sales at several of our business units were adversely impacted by the availability of chassis," and that "margins were impacted by lower-than-expected sales of certain higher-content product categories including custom fire apparatus, large commercial buses, and Class A RV's." Also on June 6, 2018, the Company lowered its fiscal year and net income guidance, and announced that its Chief Operating Officer had been replaced.

Following this news, shares of the Company's stock declined $3.39 per share, or 19%, to close at $14.52 on June 7, 2018.

Among other things, the shareholder class action complaint alleges that REV Group made false and misleading statements and/or failed to disclose adverse facts to investors, including that: (i) REV Group was unable to use its "strong visibility into future net sales" to "effectively plan" and manage its backlog of vehicles; and (ii) REV Group facilities were not operating efficiently or at a low cost to satisfy customer demand. The complaint further alleges that, as a result of the foregoing, investors purchased REV Group's common stock at artificially inflated prices during the Class Period and suffered significant investment losses following the Company's June 6, 2018 disclosures.

REV Group investors and individuals with information relevant to this investigation are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585 or (888) 715 - 1740, or via http://kaskelalaw.com/case/rev/. Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

KASKELALAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 - 1585
(888) 715 - 1740
[email protected]
www.kaskelalaw.com

SOURCE: Kaskela Law LLC