LOS ANGELES–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24BV&src=ctag" target="_blank"gt;$BVlt;/agt; lt;a href="https://twitter.com/hashtag/BrightView?src=hash" target="_blank"gt;#BrightViewlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against BrightView
Holdings, Inc. (“BrightView” or “the Company”) (NYSE: BV)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Investors who purchased the Company’s shares pursuant to or traceable to
the Company’s false and misleading Registration Statement and Prospectus
(“the Registration Statement”) issued in connection with the Company’s
initial public offering completed on or around July 2, 2018 (the “IPO”),
are encouraged to contact the firm before June 14, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. A considerable number of BrightView’s
contracts were performing poorly and generating undesirable costs for
the Company. BrightView designed a “managed exit” strategy to end
unprofitable contracts and low margin business arrangements. This
strategy negatively impacted revenue throughout 2018 and has continued
to negatively impact revenues in 2019. Based on these facts, the
Company’s Registration Statement was false and materially misleading
throughout the IPO. When the market learned the truth about BrightView,
investors suffered damages.
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.