MBUU LAWSUIT ALERT: The Gross Law Firm Notifies Malibu Boats, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of *Malibu Boats, Inc. (NASDAQ: MBUU).*Shareholders who purchased shares of MBUU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/malibu-boats-inc-loss-submission-form/?id=78697&from=3
*CLASS PERIOD: *November 4, 2022 to April 11, 2024
*ALLEGATIONS: *The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Malibu Boats had engaged in an “elaborate scheme to over manufacture and pump nearly $100 million of its highest priced, highest margin, slow moving boat inventory into fifteen Tommy’s dealerships”; (2) as a result, the Company artificially inflated Malibu’s sales performance, market share, and stock value; (3) the Company was withholding certain incentives and rebates from its dealers; (4) as a result of the foregoing, the Company faced substantial risk of litigation from one of its top dealers, Tommy’s; (5) the Company’s CEO departed due to his role in this scheme; and (6) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
*DEADLINE: June 28, 2024* Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/malibu-boats-inc-loss-submission-form/?id=78697&from=3
*NEXT STEPS FOR SHAREHOLDERS: *Once you register as a shareholder who purchased shares of MBUU during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 28, 2024. There is no cost or obligation to you to participate in this case.
*WHY GROSS LAW FIRM? *The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
*CONTACT:*
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903