SAN DIEGO, April 30, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Malibu Boats, Inc. (NASDAQ: MBUU) shares.
Investors, who purchased shares Malibu Boats, Inc. (NASDAQ: MBUU), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On April 29, 2024, a lawsuit was filed by an investor in NASDAQ: MBUU against Malibu Boats, Inc. over alleged Securities Laws Violations. The plaintiff alleges that the defendants failed to disclose to investors that Malibu Boats 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”, that, as a result, the Company artificially inflated Malibu’s sales performance, market share, and stock value, that the Company was withholding certain incentives and rebates from its dealers, that, as a result of the foregoing, the Company faced substantial risk of litigation from one of its top dealers, Tommy’s, that the Company’s CEO departed due to this role in this scheme, and that, 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.
Those who purchased Malibu Boats, Inc. (NASDAQ: MBUU) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
