The case, Rosenberg v. Aevex Corp., is currently pending in the United States District Court for the Southern District of California. It targets shareholders who acquired Class A common stock between April 17 and June 4, 2026. Plaintiffs allege that Aevex executives concealed a pre-arranged agreement between the company’s primary shareholder, Madison, and the underwriters to bypass a mandatory 180-day lock-up period. This restriction was designed to prevent Madison from selling its shares until at least October 13, 2026.

According to the complaint, the company allegedly facilitated an early secondary public offering to allow Madison to cash out more than $200 million, while underwriters secured over $8 million in fees. Investors seeking further information or legal evaluation regarding their potential claims may contact Kahn Swick & Foti, LLC or visit the ClaimsFiler portal.