The Klein Law Firm announces that a complaint has been filed on behalf of shareholders of BrightView Holdings, Inc. (NYSE: BV) who purchased shares pursuant and/or traceable to the Company’s initial public offering completed on or around July 2, 2018.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose in its Offering Materials that: (i) a material portion of BrightView’s contracts were underperforming and/or represented undesirable costs to the Company; (ii) as a result of the foregoing, BrightView would implement a “managed exit” strategy to end its low margin and non-profitable contracts with customers; (iii) this “managed exit” strategy would negatively impact BrightView’s future revenue throughout 2018, and would continue to do so well into fiscal year 2019; and (iv) as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.
If you suffered a loss in BrightView you have until June 14, 2019 to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require you serve as a lead plaintiff.
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