Holzer & holzer, llc reminds shareholders of june 28, 2024 lead plaintiff deadline in malibu boats, inc. (mbuu) class action – investors with significant losses encouraged to contact the firm
Atlanta, june 25, 2024 (globe newswire) -- a shareholder class action lawsuit has been filed against malibu boats, inc. (“malibu boats” or the “company”) (nasdaq: mbuu). the lawsuit alleges that defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the company's business, operations, and prospects, including allegations that: (1) 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”; (2) as a result, the company artificially inflated its 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; and (5) malibu boat's ceo departed due to his role in this scheme.
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