SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Redwire Corporation (NYSE- RDW)
BALA CYNWYD – June 13, 2024 /NewsFile/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Redwire Corporation (“Redwire” or the “Company”) (NYSE – RDW) for possible breaches of fiduciary duty and other violations of federal and state law.
A securities fraud complaint has been filed against Redwire on behalf of investors who purchased shares of Redwire between March 25, 2021 and March 31, 2022. According to the complaint, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) that there were accounting issues at one of Redwire’s subunits; (2) that, as a result, there were additional material weaknesses in Redwire’s internal control over financial reporting; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The investigation seeks to determine whether members of Redwire’ board of directors violated the securities laws and/or breached their fiduciary duties in connection with the allegations leveled in the complaint. If you purchased or acquired shares of Redwire stock prior to March 31, 2022, and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.