SAN FRANCISCO, May 06, 2024 (GLOBE NEWSWIRE) -- Hagens Berman alerts investors in Malibu Boats, Inc. (NASDAQ:MBUU) of a class-action securities lawsuit.
Am I Included? The lawsuit seeks to recover losses on behalf of investors who purchased Malibu securities between Nov. 4, 2022 and Apr. 11, 2024 and were adversely affected by the alleged fraud. If you suffered a loss in Malibu between these dates, you have until June 28, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Follow the link below to get more information and be contacted by a member of our team:
www.hbsslaw.com/investor-fraud/MBUU
What Happened? The lawsuit alleges that Malibu made misleading statements and failed to disclose that: (1) Malibu engaged in an elaborate scheme to overproduce and channel nearly $100 million of its highest priced, highest margin, slow moving boat inventory into fifteen Tommy's Boats dealerships; (2) by doing so, Malibu artificially inflated its sales performance, market share, and stock value; (3) Malibu withheld certain incentives and rebates from its dealers; (4) as ...
MBUU)>Full story available on Benzinga.com