Robbins Geller Rudman & Dowd LLP Announces Opportunity for Malibu Boats, Inc. Investors Who Suffered Substantial Losses to Lead Malibu Boats Class Action Lawsuit



San Diego, April 29, 2024 (GLOBE NEWSWIRE) — Robbins Geller Ruderman & Dodd LLP Announcing the Malibu Boats, Inc. (NASDAQ: ) class action lawsuit purporting to represent actions filed between November 4, 2022 and April 11, 2024, inclusive (the Class Period) that purchased or acquired Malibu Boats, Inc. (NASDAQ: A buyer or acquirer of securities of DAC (ticker: MBUU). The Malibu Boats class action lawsuit, titled Yoon v. Malibu Boats, Inc., No. 24-cv-03254 (SDNY), alleges that Malibu Boats and certain current and former officers of Malibu Boats violated the Securities Exchange Act of 1934.

If you have suffered significant losses and wish to serve as lead plaintiff Malibu boat CLASS ACTION, PLEASE PROVIDE YOUR INFORMATION HERE:

https://www.rgrdlaw.com/cases-malibu-boats-inc-class-action-lawsuit-mbuu.html

You can also contact a lawyer J.C. Sanchez or Jennifer N. Carringer To contact Robbins Geller, please call 800/449-4900 or email info@rgrdlaw.com.

Allegations in the case: Malibu Boats is a designer, manufacturer and marketer of recreational power boats. Malibu Boats sells its boats through a network of independent dealers, including dealers that operate under common control of Tommy's Boats.

The Malibu Boats class action lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Malibu Boats engaged in an elaborate scheme to overproduce and siphon off nearly $100 million The highest-priced product in US dollars has the highest gross profit margin, and the inventory of unsalable ships is fifteen. . .Tommy's [Boat’s] dealers; (ii) as a result, Malibu Boats artificially inflated its sales performance, market share and stock value; (iii) Malibu Boats refused to provide certain incentives and rebates to its dealers; (iv) as a result, Malibu Boats faced threats from its dealers; Substantial risk of litigation from Tommy's Boats, one of the top dealers; (v) The departure of Malibu Boats' CEO for his role in the scheme.

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The Malibu Boats class action lawsuit further alleges that on February 20, 2024, Malibu Boats announced that its CEO, defendant Jack Springer, and Malibu Boats mutually agreed that defendant Springer would no longer serve as CEO. According to the complaint, Malibu Boats' stock price fell more than 9% on the news.

Then, on April 11, 2024, the indictment further alleged that Malibu Boats disclosed that Tommy's Boats had filed a lawsuit against Malibu Boats, alleging that Malibu Boats engaged in an elaborate scheme to inject money into Tommy's Boats dealerships starting at a later date Nearly $100 million worth of inventory. According to the Malibu Boats class action lawsuit, Malibu Boats stock prices fell nearly 14% in two trading days on the news.

Lead Plaintiff Proceedings: The Private Securities Litigation Reform Act of 1995 allows any investor who purchased or acquired Malibu Boats securities during the Class Period to seek to be named as lead plaintiff in the Malibu Boats class action lawsuit. The lead plaintiff is typically the mover with the greatest financial interest in the relief sought by the putative class and is typical and adequate of the putative class. The lead plaintiff leads the Malibu Boats class action on behalf of all other class members. Lead plaintiffs can file the Malibu Boats class action lawsuit with the law firm of their choice. An investor's ability to share in any potential future recovery is not dependent on serving as lead plaintiff in the Malibu Boats class action lawsuit.

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About Robbins Geller: Robbins Geller Rudman & Dowd LLP is one of the world's leading complex class action firms representing plaintiffs in securities fraud cases. The firm is ranked No. 1 in the ISS Securities Class Action Services Top 50 report, recovering more than $1.75 billion for investors in 2022, ranking Robbins Geller at the top of the list for the third consecutive year. In these three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than twice the amount recovered by other plaintiff firms. With 10 offices and 200 attorneys, Robbins Geller is one of the largest plaintiffs firms in the world, and the firm's attorneys have secured many of the largest securities class action recoveries in history, including the largest ever, The amount is “US$7.2 billion.” litigation. Please visit the following pages for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

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touch:
Robbins Geller Ruderman & Dodd LLP
J.C. Sanchez, Jennifer N. Carringer
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com





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