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Case Status:    ONGOING    
On or around 10/19/2018 (Ongoing date of last review)

Filing Date: October 19, 2018

Plaintiff's law firm issued a press release on October 19, 2018, announcing the filing of the lawsuit. According to the press release, the Complaint charges Camping World Holdings, Inc. ("Camping World" or the Company), certain of its officers and directors and controlling shareholders with violations of the Securities Exchange Act of 1934. Historically, the Company specialized in selling recreational vehicles (“RVs”) and related services. In October 2016, Camping World went public in a $261 million initial public offering. In the months that followed, Camping World engaged in a number of strategic acquisitions. Most significantly, in May 2017, Camping World announced that it would be expanding its operations to include retail stores for outdoor sporting supplies and accessories by acquiring certain assets of Gander Mountain Co. (“Gander”) from bankruptcy.

The Complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding Camping World’s business, operations and financial condition. Specifically, the Complaint alleges Defendants failed to disclose, among other things, that the Company’s disclosure controls and controls over financial reporting suffered from a host of material weaknesses; that the Company’s historical financial results had been materially misstated; that the Gander stores had encountered integration setbacks, adversely impacting the Company’s earnings growth and profit margins; and that the Company’s core RV business was experiencing decelerating growth as the Company lagged industry trends and was losing market share to competitors.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Recreational Products
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CWH
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Illinois
DOCKET #: 18-CV-07030
JUDGE: Hon. Rebecca R. Pallmeyer
DATE FILED: 10/19/2018
CLASS PERIOD START: 03/08/2017
CLASS PERIOD END: 08/07/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Johnson Fistel, LLP (Marietta)
    40 Powder Springs Street, Johnson Fistel, LLP (Marietta), GA 30064
    770.200.3104 770.200.3104 ·
  2. Robbins Geller Rudman & Dowd LLP
    200 S. Wacker Drive Suite 3100 , Robbins Geller Rudman & Dowd LLP , IL 60606
    312.674.4674. 312.674.4674. ·
No Document Title Filing Date