SAN DIEGO, May 16, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Malibu Boats, Inc. (NASDAQ:MBUU) securities between November 4, 2022 and April 11, 2024. Malibu Boats is a designer, manufacturer, and marketer of recreational powerboats, including performance sport, sterndrive, and outboard boats. The Company sells boats via a network of independent dealers, including dealers operating under the common control of Tommy's Boats ("Tommy's").
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating the Allegations that Malibu Boats, Inc. (MBUU)
Manipulated its Inventory to Show Greater Profit
According to the complaint, during the class period, defendants failed to disclose to investors: (1) that Malibu Boats engaged in an "elaborate scheme to over manufacture and pump nearly $100 million of its highest priced, highest margin, slow ...