Press release
Dealine in Lawsuit for Investors who lost money with shares of Malibu Boats, Inc. (NASDAQ: MBUU) on June 28, 2024
A Deadline is coming up on June 28, 2024 in the lawsuit for certain investors in Malibu Boats, Inc. (NASDAQ: MBUU).
Investors who purchased shares of Malibu Boats, Inc. (NASDAQ: MBUU) have certain options and there are strict and short deadlines running. Deadline: June 28, 2024. NASDAQ: MBUU stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Malibu Boats, Inc. (NASDAQ: MBUU) common shares between November 4, 2022 and April 11, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 4, 2022 and April 11, 2024, the Defendants failed to disclose to investors that Malibu Boats 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", that, as a result, the Company artificially inflated Malibu's sales performance, market share, and stock value, that the Company was withholding certain incentives and rebates from its dealers, that, as a result of the foregoing, the Company faced substantial risk of litigation from one of its top dealers, Tommy's, that the Company's CEO departed due to this role in this scheme, and that, 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.
Those who purchased shares of Malibu Boats, Inc. (NASDAQ: MBUU) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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