AEVEX Shareholder Alert: Claimsfiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuit Against AEVEX Corp. - AVEX
Get Help
Aevex investors should visit us at or call toll-free (833) 538-3601. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Aevex and certain of its executives are charged with concealing a pre-arranged plan between Madison, which owned 100% of AEVEX's common stock, and the Underwriter Defendants to prematurely override the commitment requiring a 180-day lock-up after the IPO to prevent Madison from selling its shares.
Specifically, the lawsuit alleges that AEVEX represented that a 180-day“lock-up” would prevent Madison from selling its Class A common stock, or from converting or exchanging its Class B shares or LLC Units into Class A common stock for public sale, until at least October 13, 2026. In truth, the Company allegedly concealed a pre-arranged plan between Madison and the Underwriter Defendants to abrogate that commitment early and clear the way for an SPO shortly after the IPO - one through which Madison would reap over $200 million and the Underwriter Defendants would share in a further $8-plus million in fees.
The case is Rosenberg v. Aevex Corp., No. 26-cv-04779.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit .
(833) 538-3601

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.

Comments
No comment