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Market Impact: 0.38
AVEX Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in AEVEX Corp. Securities Lawsuit
Source: globenewswire.com
Legal & LitigationIPOs & SPACsPrivate Markets & VentureManagement & Governance
A securities class action alleges that AEVEX's IPO disclosures concealed a pre-arranged secondary offering that allowed its private-equity owner to receive $207.9 million and underwriters to collect $8.1 million. The suit claims investors were told such a sale could not occur for 180 days, creating material legal, governance and IPO-disclosure risks for the company.
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