SAN FRANCISCO, April 16, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Malibu Boats, Inc. (NASDAQ:MBUU) investors who suffered substantial losses to submit your losses now.
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Malibu Boats, Inc. (MBUU) Investigation:
On Apr. 15, shares in Malibu Boats declined appx. 8% and reached a four year low on news of a sensational lawsuit brought by one of the company's largest dealerships.
Late last week, Tommy's Boats, a dealership that has accounted for approximately one-third of Malibu's powerboat sales, filed a verified complaint in Tennessee federal court, alleging the company 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 (15) Tommy's dealerships in order to artificially inflate Malibu's sales performance, artificially claim increased market share in the industry and artificially inflate ...