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Class Action Lawsuit Filed on Behalf of Malibu Boats, Inc. (MBUU) Investors – Nationally Ranked Investors’ Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to ...

Malibu Boats, Inc. (MBUU) 
Last malibu boats, inc. earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
ATLANTA, April 30, 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 this role in this scheme. If you bought Malibu Show less Read more
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