NASDAQ: MBUU

Malibu Boats, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Malibu Boats, Inc. (NASDAQ: MBUU) between November 4, 2022 and April 11, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 28, 2024.

If you purchased Malibu Boats securities and would like to join the action, please click “Join This Class Action.”

Class Period:November 4, 2022 through April 11, 2024

Deadline:

31 Days
If you purchased Malibu Boats securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose 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 Boats (“Tommy’s”)] dealerships”;
  • as a result, Malibu Boats artificially inflated Malibu Boats’ sales performance, market share, and stock value;
  • Malibu Boats was withholding certain incentives and rebates from its dealers;
  • as a result of the foregoing, Malibu Boats faced substantial risk of litigation from one of its top dealers, Tommy’s;
  • Malibu Boats’ Chief Executive Officer departed due to this role in this scheme; and
  • as a result of the foregoing, defendants’ positive statements about Malibu Boats’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Malibu Boats, Inc.
Stock Symbol: MBUU
Class Period: November 4, 2022 through April 11, 2024
Court: United States District Court for the Southern District of New York

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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