NEW
YORK, May 3, 2024 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Malibu
Boats, Inc. (NASDAQ: MBUU).
Shareholders who purchased shares of MBUU during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/malibu-boats-inc-loss-submission-form/?id=77842&from=4
CLASS PERIOD: November 4,
2022 to April 11, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) Malibu
Boats had 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 Tommy's dealerships"; (2) as a result, the Company
artificially inflated Malibu's sales performance, market share, and
stock value; (3) the Company was withholding certain incentives and
rebates from its dealers; (4) as a result of the foregoing, the
Company faced substantial risk of litigation from one of its top
dealers, Tommy's; (5) the Company's CEO departed due to his role in
this scheme; and (6) as a result of the foregoing, defendants'
positive statements about the Company's business, operations, and
prospects were materially misleading and/or lacked a reasonable
basis.
DEADLINE: June 28, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/malibu-boats-inc-loss-submission-form/?id=77842&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of MBUU during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 28, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Gross Law Firm