INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of BrightView Holdings, Inc. Investors (BV)

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    BENSALEM, Pa.–(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/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–Law Offices of Howard G. Smith announces that a class action lawsuit has
    been filed on behalf of BrightView Holdings, Inc. (“BrightView” or the
    “Company”) (NYSE: BV)
    investors who purchased or otherwise acquired BrightView securities
    pursuant and/or traceable to the Company’s July 2, 2018 initial public
    offering (“IPO” or the “Offering”). BrightView investors have until June
    14, 2019
    to file a lead plaintiff motion.

    Investors suffering losses on their BrightView investments are
    encouraged to contact the Law Offices of Howard G. Smith to discuss
    their legal rights in this class action at 888-638-4847 or by email to [email protected].

    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.

    The complaint filed in this class action alleges that throughout the
    Class Period, Defendants made materially false and/or misleading
    statements, as well as failed to disclose material adverse facts about
    the Company’s business, operations, and prospects. Specifically,
    Defendants failed to disclose to investors: (1) a material portion of
    BrightView’s contracts were underperforming and/or represented
    undesirable costs to the Company; (2) as a result of the foregoing,
    BrightView would implement a “managed exit” strategy to end its low
    margin and non-profitable contracts with customers; (3) 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 (4) as a result, the Offering Documents were materially false and/or
    misleading and failed to state information required to be stated therein.

    If you purchased shares of BrightView, 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 protected],
    or visit our website at www.howardsmithlaw.com.

    This press release may be considered Attorney Advertising in some
    jurisdictions under the applicable law and ethical rules.

    Contacts

    Law Offices of Howard G. Smith
    Howard G. Smith, Esquire
    215-638-4847
    888-638-4847
    [email protected]
    www.howardsmithlaw.com