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Investigation announced for long-term Investors in shares of BrightView Holdings, Inc. (NYSE: BV)

08-05-2019 10:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in BrightView Holdings, Inc. (NYSE: BV) shares.

An investigation on behalf of current long term investors in BrightView Holdings, Inc. (NYSE: BV) shares.

An investigation on behalf of current long-term investors in shares of BrightView Holdings, Inc. (NYSE: BV) concerning potential breaches of fiduciary duties by certain directors and officers of BrightView Holdings, Inc. was announced.

Investors who are current long term investors in BrightView Holdings, Inc. (NYSE: BV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: BV stocks follows a lawsuit filed against BrightView Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BV stocks, concerns whether certain BrightView Holdings directors are liable in connection with the allegations made in that lawsuit.

According to the complaint the plaintiff alleges on behalf of purchasers of BrightView Holdings, Inc. (NYSE: BV), who purchased or otherwise acquired BrightView common stock pursuant and/or traceable to the Company’s initial public offering completed on or around July 2, 2018 (the “IPO”), that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that a material portion of BrightView’s contracts were underperforming and/or represented undesirable costs to the Company, that as a result of the foregoing, BrightView would implement a “managed exit” strategy to end its low margin and non-profitable contracts with customers, that 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 that as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.

Those who purchased shares of BrightView Holdings, Inc. (NYSE: BV) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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