Robbins Arroyo LLP: Revolution Lighting Technologies, Inc. (RVLT) Sued for Misleading Shareholders
REVOLUTION LIGHTING (RVLT)
Last revolution lighting earnings: 8/2 07:30 am
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US:NASDAQ Investor Relations:
ir.rvlti.com
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Source: Business Wire
SAN DIEGO & STAMFORD, Conn.--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Revolution Lighting Technologies, Inc. (NasdaqCM: RVLT) filed a class action complaint against the company for alleged violations of the Securities and Exchange Act of 1934 between March 14, 2014 and November 14, 2018. Revolution sells light-emitting diode lighting solutions focusing on the industrial, commercial, and government markets in the United States and internationally. View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/revolution-lighting-tech/ Revolution Accused of Improperly Recognizing Revenue According to the complaint, on October 17, 2018, Revolution began to report dismal financial results, anticipating revenue of $33 million—significantly less than previously announced guidance of $40-$41 million. Two days la
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