|Company name||Cavco Industries, Inc.|
NEW YORK, February 4, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Cavco Industries, Inc. (NASDAQ: CVCO). Our investigation concerns whether Cavco has violated the federal securities laws and/or engaged in other unlawful business practices.
On November 8, 2018, Cavco revealed that it had received a subpoena from the SEC’s Division of Enforcement on August 20, 2018, requesting certain documents relating to trading in the stock of a public company, and that then-Chief Executive Officer Joseph Stegmayer had received a subpoena regarding similar issues on October 1, 2018. Cavco stated: “At this time, the Company believes that Mr. Stegmayer traded in certain publicly traded stock in his personal accounts as well as in accounts held by Cavco at a time when the Company had agreed to refrain from such trading.”
On this news, Cavco’s share price fell by more than 23%, closing at $165.20 per share on November 9, 2018.
If you purchased or otherwise acquired Cavco shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.