NEWTOWN, Pa., May 13, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, is investigating securities fraud claims on behalf of all investors of Malibu Boats, Inc. (NASDAQ:MBUU) between November 4, 2022, and April 11, 2024, inclusive (the "Class Period").
Investors who purchased Malibu Boats stock may move the U.S. District Court for the Southern District of New York to appoint them as lead plaintiff, no later than June 28, 2024. Please contact Edelson Lechtzin LLP at 844-696-7492 to discuss your investment losses, or by e-mail at elechtzin@edelson-law.com. You can view the complaint HERE.
Background on Malibu Boats, Inc.
Malibu Boats is a manufacturer of recreational powerboats, offering a range of models including performance sport, sterndrive, and outboard boats. They distribute their boats through independent dealerships, with Tommy's Boats being a significant contributor to their sales. This distribution strategy assists Malibu Boats to access a broader customer base and maintain competitiveness in the market, while also maintaining strong partnerships with their dealers.
The Securities Fraud Claims
The Complaint alleges claims that throughout the Class Period, Defendants made materially false and misleading statements about Malibu Boats ...
MBUU) Shareholders With Substantial Losses To Seek Legal Counsel About The Pending Securities Fraud Class Action>Full story available on Benzinga.com