Investigation Overview
An investigation on behalf of investors of Camping World Holdings, Inc. (NYSE: CWH) shares over potential securities laws violations by Camping World Holdings and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Camping World Holdings, Inc. (NYSE: CWH) concerning whether a series of statements by Camping World Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Lincolnshire, IL based Camping World Holdings, Inc., through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
On March 1, 2018, post-market, Camping World Holdings, Inc., announced it is delaying its Annual Report on Form 10-K for the year ended December 31, 2017. Camping World Holdings, Inc., disclosed it 'expects to report material weaknesses in its internal control over financial reporting relating to the insufficient documentation of certain accounting policies and procedures within the Company's retail segment, and ineffective transactional level and management review controls over the valuation of used trade-in inventory.'
Shares of Camping World Holdings, Inc. (NYSE: CWH) declined from $44.25 per share on February 28, 2018 to as low as $35.84 per share on March 2, 2018.