Shareholder Class Action Complaint Filed Against A

RADNOR, Pa., May 22, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action complaint has been filed against ADT Inc. (NYSE: ADT ) (“ADT” or the “Company”) on behalf of investors who purchased or acquired ADT’s common stock pursuant and/or traceable to the Company’s initial public offering (“IPO”) of stock on or about January 18, 2018.

IMPORTANT DEADLINE:   Investors who purchased or acquired ADT’s common stock pursuant and/or traceable to the Company’s January 2018 IPO may, no later than July 20, 2018 , seek to be appointed as a lead plaintiff representative of the investor class. 

ADT investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to discuss their legal rights and options with respect to this action and/or visit www.kaskelalaw.com/case/adt to submit their information for review.

On or about January 18, 2018, ADT completed an IPO of its common stock.  In connection with the IPO, ADT sold 105 million shares of stock to investors at $14.00 per share. 

The shareholder class action complaint alleges that ADT and other defendants made misleading statements and/or failed to disclose material information to investors in connection with the Company’s IPO, including the Company’s “dependence on the Trump tax cut to meet even the extreme low end of its 2017 estimate ranges.”

On March 15, 2018, ADT announced financial and operational results for its fourth quarter and fiscal year 2018.  Therein the Company reported quarterly net income of $638 million, but disclosed that its quarterly net income results included “a $690 million tax benefit due to the 2017 Tax Reform.”

Following this news, shares of the Company’s stock declined $1.28 per share, or 12.5%, to close on March 15, 2018 at $8.93 per share.  Currently the Company’s stock trades below $8.00 per share – a cumulative decline of over $6.00 per share, or 43%, from the stock’s January 2018 IPO price of $14.00 per share.

Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors.  For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .

CONTACT:

KASKELA LAW LLC D. Seamus Kaskela, Esq. 201 King of Prussia Road Suite 650 Radnor, PA 19087 (484) 258 – 1585 (888) 715 – 1740 skaskela@kaskelalaw.com www.kaskelalaw.com