Overview
- A federal class action, Rosenberg v. AEVEX Corp., accuses AEVEX, Madison Dearborn, underwriters and certain executives of failing to disclose a pre‑arranged plan to waive a 180‑day IPO lock‑up and to conduct a near‑term secondary public offering.
- Plaintiffs say the June secondary offering sold eight million Class A shares and routed about $207.9 million in proceeds to Madison while AEVEX received no net cash from the sale.
- AEVEX’s stock fell roughly 16% after the registration statement announcing the SPO and another about 7% after the final prospectus filing, market moves the complaint links to the undisclosed waiver and SPO details.
- Multiple national plaintiff firms — including Robbins LLP, Kaplan Fox, Faruqi & Faruqi, Glancy and Kessler Topaz — are actively soliciting affected investors to seek lead‑plaintiff status before the October 20, 2026 deadline.
- The case will turn on what the IPO registration statements and prospectuses said about lock‑up commitments, who the court names as lead plaintiff, and the amount investors may recover after litigation or any settlement.