Holzer & Holzer, LLC announces that a class action lawsuit has been filed on behalf of investors who purchased ADT, Inc. (“ADT” or the “Company”) (NYSE: ADT) securities pursuant or traceable to the Company’s January 2018 initial public offering (“IPO”). The complaint alleges that ADT made false and misleading statements and failed to disclose: (1) the historical metrics integral to appraising ADT “key value drivers”; (2) that losses had increased 75% year-over-year and the Company was relying on governmental tax cuts to meet the very low end of its 2017 guidance; and (3) fourth quarter and fiscal year 2017 financial results, which had already been completed at the time of the IPO.
If you purchased ADT shares in the Company’s January 2018 IPO and suffered losses on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Alexandria P. Rankin, Esq. at arankin@holzerlaw.com, call the firm by toll-free telephone at (888) 508-6832, or visit the firm’s website at www.holzerlaw.com to receive additional information about your legal rights
The case is pending in the United States District Court for the Southern District of Florida and the deadline to move for appointment as lead plaintiff is July 20, 2018.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180522005895/en/
Contacts:
Corey D. Holzer, Esq., (888) 508-6832
(toll-free)
cholzer@holzerlaw.com
