REDWIRE CORPORATION CLASS ACTION ALERT: Wolf Haldenstein
NEW YORK, December 27, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed against Redwire Corporation (âRedwireâ or the âCompanyâ) (NYSE: RDW) in the United States District Court for the Middle
District of Florida on behalf of all persons and entities who purchased or otherwise acquired Redwire securities between August 11, 2021 and November 14, 2021, both dates inclusive (the âClass Periodâ).
All investors who bought the shares of Redwire Corporation and any losses incurred are requested to contact the company immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You can obtain additional information about the action or join the case on our website, www.whafh.com.
If you have suffered losses in Redwire Corporation, you can, no later than February 15, 2022, request that the Court appoint you as the principal plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Redwire Corporation.
PLEASE CLICK HERE TO ATTACH THE CASE
On November 10, 2021, Redwire announced that it would postpone the release of its third quarter results. The company “Has been informed by an employee of potential accounting problems in a business sub-unit”, and the audit committee was investigating the allegations. Following this news, Redwire’s stock price fell $ 1.92, or 16%, to close at $ 9.99 per share on November 10, 2021, on unusually high trading volume.
Then, on November 15, 2021, Redwire stated that it was unable to timely file its quarterly report for the period ending September 30, 2021. Due to the ongoing investigation of accounting issues in a sub-unit commercial, âThe 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, or 8.3%, in two consecutive trading sessions to close at $ 10.32 per share on November 16, 2021, on a volume unusually high transactions.
Wolf Haldenstein has extensive experience prosecuting securities class actions and derivative disputes in federal and state trial and appellate courts across the country. The firm has lawyers in various areas of practice; and offices in New York, Chicago and San Diego. The firm’s reputation and expertise in shareholder litigation and other class actions have been repeatedly recognized by the courts, which have appointed it to senior positions in complex multidistrict and consolidated securities litigation.
If you would like to discuss this action or have any questions regarding your rights and interests in this matter, please immediately contact Wolf Haldenstein by phone at (800) 575-0735, by email at [email protected], or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Business and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Phone. : (800) 575-0735 or (212) 545-4774
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.