REVLON, INC. (NYSE: REV)
Company Name: Revlon, Inc.
Stock Symbol: NYSE: REV
Class Period Start: 03/12/2015
Class Period End (inclusive): 03/28/2019
Filing Deadline: 07/15/2019
Court: Eastern District of New York
The law firm of Barbuto & Johansson, P.A. and Director of Client Relations, Neil Rothstein, Esq. remind investors that they have until June 17, 2019 to file lead plaintiff applications in a securities class action lawsuit against Revlon, Inc.
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 securities of Revlon, Inc. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, please contact one of our attorneys. Call the firm today at (561) 444-7980 and/or fill out the form to the right.
The case is Lachman v. Revlon, Inc. et al., 19cv2859. Click here to real the full case complaint.