The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of Florida on
behalf of purchasers of ADT Inc. (NYSE: ADT) (“ADT” or the “Company”)
common stock pursuant and/or traceable to the registration statement and
prospectus (collectively, the “Registration Statement”) issued in
connection with ADT’s January 2018 initial public offering (the
“Offering” or “IPO”). Investors who wish to become proactively involved
in the litigation have until July 20, 2018 to seek appointment as lead
If you wish to choose counsel to represent you and the class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in ADT securities during the
Class Period. Members of the class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. No class has yet
been certified in the above action.
The complaint accuses the defendants of violations of the Securities Act
of 1933 by virtue of the defendants’ failure to disclose in connection
with the Company’s IPO ADT’s historical metrics integral to appraising
ADT “key value drivers,” the risk posed by the already occurring 75%
increase in year-over-year losses, complete materially negative 4Q and
FY 2017 results and trends, and ADT’s dependence on the Trump tax cut to
meet even the extreme low end of its 2017 estimate ranges.
According to the complaint, following a March 15, 2018 announcement of
disappointing fourth-quarter and full-year 2017 earnings and other
financial results, the value of ADT shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in ADT
common stock pursuant and/or traceable to the Company’s January 2018 IPO
and would like to learn more about this lawsuit and your ability to
participate as a lead plaintiff, without cost or obligation to you,
please contact Brower Piven either by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
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