Revolution Lighting Technologies, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Revolution Lighting Technologies, Inc.
Date Filed:January 31st, 2019
Sector:Consumer Durables
Industry:Building Products
Class Start Date:March 14th, 2014
Class End Date:November 14th, 2018
Settlement Website:

According to the Complaint, Revolution Lighting purports to design and manufacture light-emitting diode ("LED") lighting solutions for industrial, commercial, and government markets.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company was improperly recognizing revenue for certain transactions; (2) that, as a result, the Company's financial statements were misstated; (3) that the Company lacked adequate internal controls over financial reporting; (4) that, as a result, Company would be subject to regulatory scrutiny and incur substantial costs; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

James Glavan, et al. v. Revolution Lighting Technologies, Inc., et al.

Date Filed:January 31st, 2019
Class Period Start:March 14th, 2014
Class Period End:November 14th, 2018
First Identified Complaint Filings
#Document TitleFiling Date