AEVEX Corp securities fraud class action

A securities fraud class action lawsuit has been filed against AEVEX Aerospace (NYSE: AVEX), a military technology contractor, on behalf of investors who purchased Class A common stock between April 17, 2026 and June 4, 2026, or pursuant to its April 2026 IPO. The lawsuit, filed in the United States — United States District Court for the Southern District of California, alleges that AEVEX and certain defendants made material misstatements and omissions regarding a pre-arranged plan to conduct a secondary public offering shortly after the IPO, despite committing to a 180-day lock-up period. Specifically, the complaint claims that Madison Dearborn Partners, the majority owner, had agreed to waive lock-up restrictions, allowing it to sell shares in a secondary offering that occurred in June 2026. The secondary offering raised $207.9 million, all of which went to Madison, while AEVEX received no proceeds. Following the disclosure, AEVEX's stock price fell approximately 16% on June 2, 2026, and a further 7% on June 5, 2026. Investors have until October 20, 2026, to seek lead plaintiff status. The law firm Kessler Topaz Meltzer & Check is publicizing the lawsuit and offering representation.