ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Redwire Corp. Investors with Losses to Inquire About Class Action Investigation - RDW
NEW YORK, Dec. 20, 2021 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Redwire Corp. (NYSE: RDW) resulting from allegations that Redwire may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Redwire securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2214.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
WHAT IS THIS ABOUT: On September 2, 2021, Genesis Park Acquisition Corp., a special purpose acquisition company, combined with certain entities and was renamed Redwire. During market trading hours on November 10, 2021, Redwire Corporation announced it would not be releasing Q3 2021 earnings that day as previously scheduled, and did not provide any explanation for the delay. After the market closed, Redwire announced that the delay was due to claims by an employee of accounting issue and that its Audit Committee would commence an investigation into those claims. On this news, Redwire's stock price fell $1.92 per share, or 16%, to close at $9.99 per share on November 10, 2021.
Then, on November 15, 2021, Redwire announced that it could not timely file its quarterly report for the period ended September 30, 2021. The Company advised that due to the pending investigation into the accounting issues at a business subunit, "the Company has not been able to finalize its financial statements or its assessment of the effectiveness of its disclosure controls and procedures and any impact" on the report.
On this news, Redwire's stock price fell $0.93 per share, or 8%, over the following two trading sessions to close at $10.32 per share on November 16, 2021.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, P.A.
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