IN RE REV GROUP, INC SECURITIES LITIGATION
REV GROUP, INC SECURITIES LITIGATION
Lead Case No. 2:18-cv-1268-LA

Frequently Asked Questions

 

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  • You or someone in your family, or an investment account for which you serve as a custodian, may have purchased shares of REV Group common stock traceable to the IPO, SPO, or purchased or otherwise acquired shares of REVG common stock during the Relevant Period.  The Notice explains the Actions, the Settlement, Class Members’ legal rights, what benefits are available, who is eligible for them, and how to get them.  Receipt of the Notice does not mean that you are a Class Member or that you will be entitled to receive a payment.  If you wish to be eligible for a payment, you are required to submit the Claim Form.  See Question 8 in the Notice.

    The Court directed that the Notice be sent to Class Members to inform them of the terms of the proposed Settlement and about all of their options, before the Court decides whether to approve the Settlement at the upcoming hearing to consider the fairness, reasonableness, and adequacy of the Settlement, the proposed Plan of Allocation, and Lead Counsel’s motion for attorneys’ fees and Litigation Expenses (the “Settlement Fairness Hearing”).  

    The Court in charge of the Settlement is the United States District Court for the Eastern District of Wisconsin, and the case is known as In re REV Group, Inc., Lead Case No. 2:18-cv-1268-LA.  The matter is assigned to the Honorable Lynn Adelman, United States District Judge.

  • REV Group has its principal executive offices in Milwaukee, Wisconsin.  REV Group’s common stock trades on the New York Stock Exchange (“NYSE”) under the symbol “REVG.”  REV Group designs, manufactures, and distributes specialty vehicles.  The Company operates three segments: 1) Commercial, which manufactures transit and shuttle buses, Type A school buses, mobility vans, sweepers, and terminal trucks; 2) Recreation, which manufactures motorized RV products; and 3) Fire & Emergency (“F&E”), which manufactures fire trucks and ambulance-related products.  Plaintiffs allege that Defendants made material misstatements and omissions of material fact about REV Group’s operating efficiencies, margin growth, and financial guidance.

    Between June 8 and July 19, 2018, various plaintiffs commenced putative class actions in the United States District Court for the Central District of California against certain of the Defendants, styled Marinoff v. REV Group, Inc., et al., No. 2:18-cv-05095 (the “Marinoff Action”), Rajaram v. REV Group, Inc., et al., No. 2:18-cv-05693 (the “Rajaram Action”), and Bitar v. REV Group, Inc. et al., No. 2:18-cv-06239 (the “Bitar Action”), which were subsequently transferred to the United States District Court for the Eastern District of Wisconsin by consent of the parties.

    On June 26, 2018, Gabriel Yandoli commenced a putative class action in the Waukesha County Circuit Court for the State of Wisconsin (the “Wisconsin State Court”) against certain of the Defendants on behalf of himself and a putative class of REV Group’s public stockholders styled Yandoli v. REV Group, Inc. et al., No. 2018CV001163 (the “Yandoli Action”).

    On August 21, 2018, Bucks County commenced a putative class action in the Wisconsin State Court against certain of the Defendants on behalf of itself and a putative class of REV Group’s public stockholders styled Bucks County Employees Retirement System v. REV Group, Inc. et al., No. 2018CV001501 (the “Bucks County Action,” and together with the Marinoff Action, Yandoli Action, Rajaram Action, and Bitar Action, the “Actions”).

    Pursuant to the PSLRA, notice to the public was issued setting forth the deadline by which putative class members could move the Court to be appointed to act as lead plaintiffs. On September 19, 2018, the Court entered an order (i) consolidating the Marinoff Action, the Rajaram Action, and the Bitar Action in an action styled In re REV Group, Inc. Securities Litigation, Consol. Lead Case No. 2:18-cv-1268 (the “Consolidated Federal Action”); (ii) appointing Houston Municipal Employees Pension System (“HMEPS”) as Lead Plaintiff (“Lead Plaintiff”) in the Consolidated Federal Action; and (iii) approving Bernstein Liebhard LLP as Lead Counsel (“Lead Counsel”) in the Consolidated Federal Action.

    On November 2, 2018, Gabriel Yandoli and Bucks County, on behalf of themselves and putative classes of REV Group’s public stockholders, filed a consolidated complaint. On November 5, 2018, the Wisconsin State Court entered an order (i) consolidating the Yandoli Action and the Bucks County Action in an action styled Gabriel Yandoli et al. v. REV Group, Inc. et al., Consol. Case No. 2018CV001163 (the “Consolidated State Action”); and (ii) appointing Robbins Geller Rudman & Dowd LLP as Interim Class Counsel (“State Class Counsel”) for the putative plaintiff classes in the Consolidated State Action.

    On November 20, 2018, HMEPS filed its first amended complaint. On September 27, 2019, HMEPS filed its Second Consolidated Amended Complaint in the Consolidated Federal Action, which certain REV Group and certain Individual Defendants moved to dismiss on October 9, 2019. HMEPS filed a detailed opposition to Defendants’ motion to dismiss on October 30, 2019. The motion was fully briefed by November 13, 2019.

    On June 3, 2020, the Parties to the Consolidated Federal Action informed the Court that they were engaged in settlement discussions, and asked the Court to defer issuing a decision on the pending Motion to Dismiss in the Consolidated Federal Action.

    On July 6, 2020, the Wisconsin State Court stayed the Consolidated State Action until further order pursuant to a March 11, 2020 decision of the Wisconsin Court of Appeals.

    On March 15, 2021, Plaintiffs, on behalf of themselves and the Classes, and Defendants entered into a Memorandum of Understanding (the “Memorandum of Understanding”) memorializing the Parties’ agreement to settle the Actions for $14,250,000 in cash, subject to approval of the Court.

    On March 18, 2021, the Parties informed the Court that they had reached an agreement in principle to settle the claims against Defendants and asked the Court to continue to defer issuing a decision on REV Group and the Individual Defendants’ pending Motion to Dismiss.

    On May 19, 2021, the Parties executed a Stipulation and Agreement of Settlement which, among other things, provides for the release all claims against Defendants in return for a cash payment of fourteen million, two hundred fifty thousand dollars ($14,250,000) for the benefit of the Classes.

    On May 19, 2021, Plaintiffs filed their Third Amended Complaint, which included claims on behalf of the IPO Class, SPO Class, and the ’34 Act Class.

    On August 24, 2021, the Court preliminarily approved the Settlement, authorized the Notice to be disseminated to potential Class Members, and scheduled the Settlement Fairness Hearing to consider whether to grant final approval to the Settlement.

  • In a class action, one or more persons or entities (in this case, Plaintiffs), sue on behalf of people and entities who or which have similar claims.  Together, these people and entities are a “class,” and each is a “class member.”  Bringing a case, such as this one, as a class action allows the adjudication of many similar claims of persons and entities which might be too small to bring economically as separate actions.  One court resolves the issues for all class members at the same time, except for those who exclude themselves, or “opt-out,” from the class.

  • The Court did not finally decide in favor of Plaintiffs or Defendants.  Instead, both sides agreed to a settlement that will end the Actions.  Plaintiffs and Plaintiffs’ Counsel believe that the claims asserted in the Actions have merit; however, Plaintiffs and Plaintiffs’ Counsel recognize the expense and length of continued proceedings necessary to pursue their claims through trial and appeals, as well as the difficulties in establishing liability and damages.  In light of the Settlement and the guaranteed cash recovery to the Classes, Plaintiffs and Plaintiffs’ Counsel believe that the proposed Settlement is fair, reasonable, and adequate, and in the best interests of the Classes. 

    Defendants have denied and continue to deny any allegations of wrongdoing contained in the Third Amended Complaint and further deny that they did anything wrong, that Plaintiffs or the Classes suffered damages or that the price of REV Group common stock was artificially inflated by reasons of alleged misrepresentations, nondisclosures or otherwise.  The Settlement should not be seen as an admission or concession on the part of Defendants.  Defendants have taken into account the burden, expense, uncertainty, distraction, and risks inherent in any litigation and have concluded that it is desirable to settle upon the terms and conditions set forth in the Stipulation.

  • The Court directed, for the purposes of the proposed Settlement, that everyone who fits the following description is a Class Member and subject to the Settlement unless they are an excluded person (see Question 6 in the Notice) or take steps to exclude themselves from the Classes (see Question 11 in the Notice): If you purchased shares of REV Group, Inc. (“REV Group” or the “Company”) common stock traceable to the IPO, SPO, or purchased or otherwise acquired REV Group shares during the Relevant Period, you are a Class Member and may be entitled to a payment from a class action settlement. 

    Receipt of the Notice does not mean that you are a Class Member.  The Parties do not have access to your transactions in REV Group common stock.  Please check your records or contact your broker to see if you are a member of the Classes.  If one of your mutual funds purchased REV Group common stock during the Relevant Period, that alone does not make you a Class Member.  You are a Class Member only if you individually purchased or acquired REV Group common stock during the Relevant Period.

  • Yes.  There are some individuals and entities who or which are excluded from the Classes by definition. Excluded from the Classes are (i) Defendants; (ii) members of the immediate family of each of the Defendants; (iii) any person who was an executive officer and/or director of REV Group during the Relevant Period; (iv) any person, firm, trust, corporation, officer, director, or any other individual or entity in which any Defendant has a controlling interest or which is related to or affiliated with any of the Defendants; and (v) the legal representatives, agents, affiliates, heirs, successors-in interest, or assigns of any such excluded individual or entity.  For the avoidance of doubt, this exclusion does not extend to: (1) any investment company or pooled investment fund in which a Defendant may have a direct or indirect interest, or as to which its affiliates may act as an advisor, but of which a Defendant or its respective affiliates is not a majority owner or does not hold a majority beneficial interest; or (2) any employee benefit plan as to which a Defendant or its affiliates acts as an investment advisor or otherwise may be a fiduciary; provided, however, that membership in the Classes by such investment company, pooled investment fund or employee benefit plan is limited to transactions in REV Group stock made on behalf of, or for the benefit of, persons other than persons that are excluded from the Classes by definition.  Also excluded from the Classes are any persons and entities who or which exclude themselves by submitting a request for exclusion that is accepted by the Court. 

    If you sold all of your REV Group common stock prior to the first alleged corrective disclosure, which occurred on March 7, 2018, and made no subsequent purchases from March 8, 2018 through June 7, 2018, inclusive, you are not a member of the Classes because you were not damaged.

    Also excluded from the Classes will be any Person who or which timely and validly seeks exclusion from the Classes in accordance with the procedures described in Question 11 in the Notice or whose request is otherwise allowed by the Court.

  • In exchange for the Settlement and the release of the Released Plaintiffs’ Claims against the Defendant Releasees, Defendants have agreed to create a $14,250,000 cash fund, which may accrue interest, to be distributed, after deduction of Court-awarded attorneys’ fees and Litigation Expenses, Notice and Administration Costs, Taxes, and any other fees or expenses approved by the Court (the “Net Settlement Fund”), among all Class Members who submit valid Claim Forms and are found to be eligible to receive a distribution from the Net Settlement Fund (“Authorized Claimants”).

  • To qualify for a payment, you must fill out a Claim Form online on the "File a Claim" page of this website. Read the instructions carefully, fill out the Claim Form, and sign it in the location indicated. This website also includes instructions on downloading your transaction data directly from your brokerage so that you do not have to manually enter each transaction. The deadline to submit your Claim through this website is 11:59 p.m. PST on December 21, 2021.

    If you are unable to fill out a Claim Form online, please print the Claim Form entitled “Proof of Claim and Release Form” (also called the “Claim Form”) available on the Important Documents page of this website, fill it out and mail it to the Claims Administrator at the address below, postmarked no later than December 21, 2021:

    In Re REV Group, Inc. Securities Litigation
    c/o JND Legal Administration
    P.O. Box 91337
    Seattle, WA 98111

    Please note that if you choose to print and mail a form, you will need to manually enter each transaction.

    The Claims Administrator will process your claim and determine whether you are an “Authorized Claimant.”

  • The Court will hold a Settlement Fairness Hearing on December 9, 2021, at 11:00 a.m., to decide, among other things, whether to finally approve the Settlement.  Even if the Court approves the Settlement, there may be appeals which can take time to resolve, perhaps more than a year.  It also takes a long time for all of the Claim Forms to be accurately reviewed and processed.  Please be patient.

  • If you are a member of the Classes, unless you exclude yourself, you will remain in the Classes, and that means that, upon the “Effective Date” of the Settlement, you will release all “Released Plaintiffs’ Claims” against the Defendant Releasees.

        (a) “Released Plaintiffs’ Claims” means any and all manner of claims, demands, rights, liabilities, losses, obligations, duties, damages, costs, debts, expenses, interest, penalties, sanctions, fees, attorneys’ fees, actions, potential actions, causes of action, suits, judgments, decrees, matters, as well as issues and controversies of any kind, whether known or unknown, disclosed or undisclosed, accrued or unaccrued, apparent or unapparent, foreseen or unforeseen, suspected or unsuspected, fixed or contingent, including Unknown Claims, that Plaintiffs or any and all Class Members ever had, now have, or may have, or otherwise could, can, or might assert, whether direct, derivative, individual, class, representative, legal, equitable, or of any other type against any of the Defendant Releasees, whether based on state, local, foreign, federal, statutory, regulatory, common, or other law or rule (including, but not limited to, any claims under the federal securities laws), which, now or hereafter, are based upon, arise out of, relate in any way to, or involve, directly or indirectly: (i) any of the actions, transactions, occurrences, statements, representations, misrepresentations, omissions, allegations, facts, practices, events, claims, or any other matters that were, could have been, or in the future can or might be alleged, asserted, set forth, or claimed in connection with any of the Actions or the subject matter of any of the Actions in any court, tribunal, forum, or proceeding; or (ii) that are based upon, arise out of, relate in any way to, or involve the purchase or acquisition of REV Group common stock in or traceable to the Company’s IPO or SPO and/or during the Relevant Period; provided however, that the Released Plaintiffs’ Claims shall not include (i) claims relating to the enforcement of the Stipulation or (ii) any claims asserted in any derivative action, including In Re REV Group, Inc. Derivative Action, 2:21-cv-283-LA (E.D. Wis.).

        (b) “Defendant Releasees” means, whether or not each or all of the following persons or entities were named in the Actions or any related suit, (i) any and all Defendants (including REV Group; the Individual Defendants; the Underwriter Defendants; and AIP), any and all persons or entities who were previously named as defendants in any of the Actions but who are no longer Defendants (“Former Defendants”), and any and all present or former directors, officers, or employees of REV Group; (ii) any person or entity which is, was, or will be related to or affiliated with any or all of the Defendants or Former Defendants or in which any or all of the Defendants or Former Defendants has, had, or will have a controlling interest (including AIP, LLC, American Industrial Partners Capital Fund IV, LP; American Industrial Partners Capital Fund IV (Parallel), LP; AIP/CHC Holdings, LLC; and AIP/CHC Investors, LLC); and (iii) the respective present or former family members, spouses, heirs, trusts, trustees, executors, estates, administrators, beneficiaries, distributees, foundations, agents, employees, fiduciaries, general partners, limited partners, partnerships, joint ventures, affiliated investment funds, affiliated investment vehicles, affiliated investment managers, affiliated investment management companies, member firms, corporations, parents, subsidiaries, divisions, affiliates, associated entities, stockholders, principals, officers, directors, managing directors, members, managers, predecessors, predecessors-in-interest, successors, successors-in interest, assigns, bankers, underwriters, brokers, dealers, lenders, attorneys, insurers, co-insurers, re-insurers, and associates of each and all of the foregoing.

        (c) “Unknown Claims” means any Released Plaintiffs’ Claims that Plaintiffs or any members of any of the Classes do not know or suspect exist in their favor at the time of the release of such claims, and any Released Defendants’ Claims which any Defendant does not know or suspect to exist in his or its favor at the time of the release of such claims, which, if known, might have affected the decision to enter into this Settlement.  With respect to any of the Released Claims, the Parties stipulate and agree that, upon the Effective Date, Plaintiffs and Defendants shall expressly have, and each member of any of the Classes shall be deemed to have waived, relinquished, and released any and all provisions, rights, and benefits conferred by or under California Civil Code § 1542 or any law of the United States or any state of the United States, or principle of common law, that is similar, comparable, or equivalent to California Civil Code § 1542, which provides:

    “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”

    Plaintiffs and Defendants acknowledge, and Class Members by operation of law shall be deemed to have acknowledged, that they may discover facts in addition to or different from those now known or believed to be true with respect to the Released Claims, but that it is the intention of Plaintiffs and Defendants, and by operation of law the members of the Classes, to completely, fully, finally, and forever extinguish any and all Released Claims, known or unknown, suspected or unsuspected, which now exist, or previously existed, or may hereafter exist, and without regard to the subsequent discovery of additional or different facts.  Plaintiffs and Defendants acknowledge, and the members of the Classes by operation of law shall be deemed to have acknowledged, that the inclusion of “Unknown Claims” in the definition of “Released Claims” was separately bargained for and is a material element of the Settlement of which this release is a part.

    The “Effective Date” will occur when an Order entered by the Court approving the Settlement becomes Final and is not subject to appeal.  If you remain a member of the Classes, all of the Court’s orders, whether favorable or unfavorable, will apply to you and legally bind you.  Upon the Effective Date, Defendants will also provide a release of any claims against Plaintiffs and the Classes arising out of or related to the institution, prosecution, defense, or settlement of the Actions.

  • If you do not want to be eligible to receive a payment from the Settlement, but you want to keep any right you may have to sue or continue to sue the Defendants on your own for the Released Plaintiffs’ Claims, then you must take steps to remove yourself from the Classes.  This is called excluding yourself or “opting out.”  Please note: if you bring your own claims, Defendants will have the right to seek their dismissal.  Also, Defendants may terminate the Settlement if Class Members who purchased in excess of a certain amount of shares of REV Group stock seek exclusion from the Classes.

  • To exclude yourself from the Classes, you must mail a signed letter stating that you “request to be excluded from the Classes in In re REV Group, Inc., Lead Case No. 2:18-cv-1268-LA (E.D. Wisc.).”  You cannot exclude yourself by telephone or e-mail.  Each request for exclusion must also: (i) state the name, address, and telephone number of the person or entity requesting exclusion; (ii) state the number of shares of REV Group stock that the person or entity purchased, acquired and sold during the Relevant Period, as well as the dates and prices of each such purchase, acquisition and sale; and (iii) be signed by the person or entity requesting exclusion or an authorized representative.  A request for exclusion must be mailed, so that it is received no later than November 18, 2021 to:

    In Re REV Group, Inc. Securities Litigation
    c/o JND Legal Administration
    P.O. Box 91337
    Seattle, WA 98111

    Your exclusion request must comply with these requirements in order to be valid, unless it is otherwise accepted by the Court.

    If you ask to be excluded, do not submit a Claim Form because you cannot receive any payment from the Net Settlement Fund. Also, you cannot object to the Settlement because you will not be a Class Member. However, if you submit a valid exclusion request, you will not be legally bound by anything that happens in the Actions, and you may be able to sue (or continue to sue) Defendants in the future, assuming your claims are timely. If you have a pending lawsuit against any of the Defendants, please speak to your lawyer in the case immediately.

  • Lead Counsel Bernstein Liebhard LLP and additional Plaintiffs’ Counsel Robbins Geller Rudman & Dowd LLP are “Plaintiffs’ Counsel.” You will not be separately charged for these lawyers. The Court will determine the amount of Plaintiffs’ Counsel’s fees and expenses, which will be paid from the Settlement Fund. If you want to be represented by your own lawyer, you may hire one at your own expense.

  • Plaintiffs’ Counsel have not received any payment for their services in pursuing the claims against Defendants on behalf of the Classes, nor have they been paid for their Litigation Expenses.  Lead Counsel will ask the Court to award Plaintiffs’ Counsel attorneys’ fees of no more than 20% of the Settlement Fund, which will include any accrued interest.  Lead Counsel will also seek payment of Litigation Expenses incurred by Plaintiffs’ Counsel in the prosecution of the Actions of no more than $275,000, plus accrued interest, which may include an application in accordance with the PSLRA for the reasonable costs and expenses of Plaintiffs directly related to their representation of the Classes.

  • If you are a Class Member, you can object to the Settlement or any of its terms, the proposed Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses.  You can ask the Court not to approve the Settlement, but you cannot ask the Court to order a different settlement; the Court can only approve or deny this Settlement.  If the Court denies approval of the Settlement, no payments will be made to Class Members, the Parties will return to the position they were in before the Settlement was agreed to, and the Actions will continue.   

    To object, you must send a signed letter stating that you object to the proposed Settlement, the proposed Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses in “In re REV Group, Inc., Lead Case No. 2:18-cv-1268-LA (E.D. Wisc.).”  Your objection must state why you are objecting.  The objection must also: (i) include the name, address, and telephone number of the person or entity objecting; (ii) contain a statement of the objection and the specific reasons for it, including any legal and evidentiary support (including witnesses) the Class Member wishes to bring to the Court’s attention; and (iii) documentation identifying the number of shares of REV Group common stock the person or entity purchased, acquired or sold during the Relevant Period, as well as the dates and prices of each such purchase, acquisition and sale.  Unless otherwise ordered by the Court, any Class Member who does not object in the manner described in the Notice will be deemed to have waived any objection and will be forever foreclosed from making any objection to the proposed Settlement, the Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses.  Your objection must be filed with the Court at the address below, either by mail or in person, no later than November 18, 2021 and be mailed or delivered to each of the following counsel so that it is received no later than November 18, 2021:

    Court
    Clerk of the Court
    U.S.D.C. Eastern District of Wisconsin
    United States Federal Building and Courthouse
    517 E. Wisconsin Avenue, Room 390
    Milwaukee, Wisconsin, 53202
     

    Plaintiffs’ Counsel
    Bernstein Liebhard LLP
    Michael S. Bigin, Esq.
    10 East 40th Street
    New York, NY 10016

    Robbins Geller Rudman & Dowd LLP
    Brian Cochran, Esq.
    200 South Wacker Drive, 31st Floor
    Chicago, IL 60606
     

    Defendants’ Counsel
    Ropes & Gray LLP
    Randall Bodner
    Prudential Tower, 800 Boylston Street
    Boston, MA 02199

    Winston & Strawn LLP
    Robert Y. Sperling
    35 W. Wacker Drive
    Chicago, IL 60601

    Godfrey & Kahn, S.C.
    Sean Bosack
    833 East Michigan Street, Suite 1800
    Milwaukee, WI 53202-5615

  • Objecting is telling the Court that you do not like something about the proposed Settlement, Plan of Allocation, or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses. You can still recover money from the Settlement. You can object only if you stay in the Classes. Excluding yourself is telling the Court that you do not want to be part of the Classes. If you exclude yourself from the Classes, you have no basis to object because the Settlement and the Actions no longer affect you.

  • The Court will hold the Settlement Fairness Hearing on December 9, 2021, at 11:00 a.m., in the United States Federal Building and Courthouse, 517 E. Wisconsin Avenue, Courtroom 390, Milwaukee, Wisconsin 53202.  At this hearing, the Court will consider, whether: (i) the Settlement is fair, reasonable and adequate, and should be finally approved; (ii) the Plan of Allocation is fair and reasonable, and should be approved; and (iii) Lead Counsel’s motion for attorneys’ fees and Litigation Expenses is reasonable and should be approved.  The Court will take into consideration any written objections filed in accordance with the instructions in Question 14 in the Notice.  We do not know how long it will take the Court to make these decisions.

    You should be aware that the Court may change the date and time of the Settlement Fairness Hearing, or hold the hearing telephonically or via videoconference, without another notice being sent to Class Members.  If you want to attend the hearing, you should check with Plaintiffs’ Counsel beforehand to be sure that the date and/or time has not changed, check this website, or periodically check the Court’s website at https://www.wied.uscourts.gov to see if the Settlement Fairness Hearing stays as calendared or is changed.  Subscribers to PACER, a fee-based service, can also view the Court’s docket for the Actions for updates about the Settlement Fairness Hearing through the Court’s on-line Case Management/Electronic Case Files System at https://www.pacer.gov.

  • No.  Plaintiffs’ Counsel will answer any questions the Court may have.  However, you are welcome to attend at your own expense.  If you submit a valid and timely objection, the Court will consider it and you do not have to come to Court to discuss it.  You may have your own lawyer attend (at your own expense), but it is not required.  If you do hire your own lawyer, he or she must file and serve a Notice of Appearance in the manner described in the answer to Question 18 in the Notice no later than November 18, 2021.

  • You may ask the Court for permission to speak at the Settlement Fairness Hearing. To do so, you must include with your objection (see Question 14 in the Notice), no later than November 18, 2021 a statement that you, or your attorney, intend to appear in “In re REV Group, Inc., Case No. 2:18-cv-1268-LA (E.D. Wisc.).” Persons who intend to present evidence at the Settlement Fairness Hearing must also include in their objections the identities of any witnesses they may wish to call to testify and any exhibits they intend to introduce into evidence at the hearing.  You may not speak at the Settlement Fairness Hearing if you exclude yourself or if you have not provided written notice in accordance with the procedures described in this question and Question 14 in the Notice.

  • If you do nothing and you are a Class Member, you will receive no money from this Settlement and you will be precluded from starting a lawsuit, continuing with a lawsuit, or being part of any other lawsuit against Defendants and the other Defendant Releasees concerning the Released Plaintiffs’ Claims.  To share in the Net Settlement Fund, you must submit a Claim Form (see Question 8 in the Notice).  To start, continue or be part of any other lawsuit against Defendants or any other of the Defendant Releasees concerning the Released Plaintiffs’ Claims in this case, to the extent it is otherwise permissible to do so, you must exclude yourself from the Classes (see Question 11 in the Notice).

  • The Notice summarizes the proposed Settlement.  More details are in the Stipulation.  Lead Counsel’s motions in support of final approval of the Settlement, the request for attorneys’ fees and Litigation Expenses, and approval of the proposed Plan of Allocation will be filed with the Court no later than November 4, 2021, and be available on the Important Documents page of this website or from the Court, pursuant to the instructions below.  

    You may review the Stipulation or documents filed in the case at the Office of the Clerk, United States District Court for the Eastern District of Wisconsin, United States Federal Building and Courthouse, 517 E. Wisconsin Avenue, Room 390, Milwaukee, Wisconsin 53202, on weekdays (other than court holidays) between 9:00 a.m. and 4:00 p.m.  Subscribers to PACER can also view the papers filed publicly in the Actions through the Court’s on-line Case Management/Electronic Case Files System at https://www.pacer.gov.   

    You can also get a copy of the Stipulation and other case documents by visiting this website dedicated to the Settlement or the websites of Plaintiffs’ Counsel, www.bernlieb.com., or www.rgrdlaw.com.

    Please do not call the Court with questions about the Settlement

  • If you purchased REV Group common stock traceable to the IPO, SPO, or purchased or otherwise acquired REV Group common stock during the Relevant Period for the beneficial interest of a person or entity other than yourself, the Court has directed that WITHIN FOURTEEN (14) CALENDAR DAYS OF YOUR RECEIPT OF THE NOTICE, YOU MUST EITHER: (a) provide to the Claims Administrator the name and last known address of each such person or entity; (b) request additional copies of the Notice from the Claims Administrator, which will be provided to you free of charge, and WITHIN SEVEN (7) CALENDAR DAYS of receipt, mail the Notice directly to all such persons or entities; or (c) request an electronic copy of the Notice from the Claims Administrator, and WITHIN SEVEN (7) CALENDAR DAYS of receipt thereof, email the Notice directly to all purchasers for which email addresses are available.  If they are available, you must also provide the Claims Administrator with the e-mails of the beneficial owners.  If you choose to follow procedures (b) or (c), the Court has also directed that, upon making that mailing, YOU MUST SEND A STATEMENT to the Claims Administrator confirming that the mailing was made as directed and keep a record of the names, mailing addresses, and email addresses used.  Upon full and timely compliance with these directions, you may seek reimbursement from the Settlement Fund of your reasonable expenses actually incurred in connection with the foregoing, upon request and submission of appropriate documentation.  All communications concerning the foregoing should be addressed to the Claims Administrator:

    In Re REV Group, Inc. Securities Litigation
    c/o JND Legal Administration
    P.O. Box 91337
    Seattle, WA 98111

    If you choose to mail the Notice and Proof of Claim Form yourself, you may obtain from the Claims Administrator (without cost to you) as many additional copies of these documents as you will need to complete the mailing.  Regardless of whether you choose to complete the mailing yourself or elect to have the mailing performed for you, you may obtain reimbursement for or advancement of reasonable administrative costs actually incurred or expected to be incurred in connection with forwarding the Notice and which would not have been incurred but for the obligation to forward the Notice, upon submission of appropriate documentation to the Claims Administrator.

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Mail
In Re Rev Group, Inc. Securities Litigation.
c/o JND Legal Administration
PO Box 91337
Seattle, WA 98111