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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 15, 2019 to file lead plaintiff applications in a securities class action lawsuit against Revlon, Inc. (NYSE: REV).
Revlon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 18, 2019, the Company disclosed that would not timely file its 2018 10-K due to a material weakness related to its enterprise resource planning system. Then, on March 28, 2019, post-market, Revlon filed its 10-K detailing that manufacturing problems caused by system disruptions resulted in it being “unable to fulfill product shipments representing approximately $64 million of net sales during 2018” as well as incurring $53.6M in charges.
On this news, the price of Revlon’s shares dropped.
If you purchased Revlon securities and would like to discuss your legal rights and how this case might affect your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Lachman v. Revlon, Inc. et al., 19cv2859. Click here to read the case complaint.