NEW YORK, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Redwire Corporation (“Redwire” or the “Company”) (NYSE: RDW). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether Redwire and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 10, 2021, Redwire announced it would not be releasing Q3 2021 earnings that day as previously scheduled and did not provide any explanation for the delay. After the market closed, Redwire announced that the delay was due to claims by an employee of accounting issue and that its Audit Committee would commence an investigation into those claims.
On this news, Redwire’s stock price fell $1.92 per share, or 16.12%, to close at $9.99 per share on November 10, 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Robert S. Willoughby