The Newsroom

Investigations  /  11.06.2019

Investigation of NN Inc.

NN, Inc. (NNBR) Accused of Misleading Investors in IPO

According to the class action complaint against the company for alleged violations of the Securities Act of 1933, NN completed its SPO on September 14, 2018, offering 14,375,000 million shares of NN common stock at $16.00 per share for gross proceeds of $216 million. In its Registration Statement, NN claimed that its relationships with hundreds of customers around the world inoculated it against fluctuations in particular markets and touted the company’s global footprint, including the “significant growth potential” of its Asian facilities. However, NN’s offering documents concealed massive problems in the company, including that as of the date of the SPO NN’s earnings and profitability were being negatively impacted by fluctuations in the Chinese auto market and problems in the Power Solutions sector. Since its SPO, the price of NN’s stock has plummeted, currently trading at $8.24, an almost 49% decline from its SPO price.

NN, Inc. (NNBR) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can send us a message via the Shareholder Information form below.

Shareholder Information

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

How can we help you?

CONTACT US TODAY | 1 800 350 6003 or [email protected]

Tell us your concerns