SAN FRANCISCO, June 13, 2024 (GLOBE NEWSWIRE) -- Hagens Berman alerts investors in Malibu Boats, Inc. (NASDAQ:MBUU) of a class-action securities lawsuit. Investors who suffered substantial losses to take action now by submitting your losses here.
Boat maker Malibu Boats, Inc. (MBUU) is facing a class-action lawsuit alleging accounting irregularities that inflated sales figures. The lawsuit seeks to recover damages for investors who purchased Malibu securities between November 4, 2022, and April 11, 2024.
"We are investigating whether Malibu engaged in an elaborate scheme to mislead investors about the company's true financial health," said Reed Kathrein, a partner at Hagens Berman who is leading the investigation. "This alleged misconduct caused significant losses to investors and undermines confidence ...