NASDAQ: SMIT

Schmitt Industries, Inc.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Schmitt Industries, Inc. (NASDAQ: SMIT) between September 1, 2020 and September 20, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Schmitt Industries investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than December 12, 2022.

If you purchased Schmitt Industries securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:September 1, 2020 through September 20, 2022

Deadline:

7 Days
If you purchased Schmitt Industries 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:

  • Schmitt Industries continuously downplayed its serious issues with internal controls;
  • Schmitt Industries’ financial statements from August 31, 2021 to the present included “certain errors”;
  • as a result, Schmitt Industries would need to restate its previously filed financial statements for certain periods; and
  • as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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: Schmitt Industries, Inc.
Stock Symbol: SMIT
Class Period: September 1, 2020 through September 20, 2022
Court: United States District Court for the District of Oregon

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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