A lawsuit was filed on behalf of investors in ADT Inc. (NYSE: ADT) shares over alleged securities laws violations and NYSE: ADT investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/01/2018 -- An investor in shares of ADT Inc. (NYSE: ADT) filed a lawsuit over alleged violations of Securities Laws by ADT Inc. in connection with the Company's Initial Public Offering.
Investors who purchased shares of ADT Inc. (NYSE: ADT) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
Boca Raton, FL based ADT Inc. provides security and automation solutions for homes and businesses in the United States and Canada. On February 16, 2016, ADT announced that it has entered into an agreement to be acquired by an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) and co-investors and merged with a subsidiary of Prime Security Services Borrower, LLC, also owned by the Apollo Funds, for $42.00 per share in cash.
In early 2018, ADT Inc. went public again and shares of ADT Inc. (NYSE: ADT) reached $12.95 per share in late January 2018. Since then NYSE: ADT shares declined to as low as $7.51 per share in late March 2018.
According to the complaint the plaintiff alleges that the Registration Statement and Prospectus filed for the Company's Initial Public Offering was materially misleading in respect to: (1) undisclosed material litigation; (2) undisclosed failure to protect intellectual property; (3) undisclosed competitive pressures; (4) undisclosed false alarm pressures; and (5) undisclosed customer acquisition costs
Those who purchased shares of ADT Inc. (NYSE: ADT) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego