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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Malibu Boats, Inc. (MBUU) on Behalf of Investors

Malibu Boats, Inc. (MBUU) 
Last malibu boats, inc. earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Malibu Boats, Inc. (“Malibu” or the “Company”) (NASDAQ: MBUU) investors concerning the Company’s possible violations of federal securities laws.On April 11, 2024, Malibu disclosed that a complaint had been filed against the Company alleging that it had breached its obligations under dealerships agreements with Tommy’s Boats, and engaged in a scheme to over manufacture and pump nearly $100 million of its highest priced, highest margin, slow moving boat inventory into fifteen Tommy’s Boats dealerships in order to artificially inflate Malibu’s sales performance.On this news, Malibu’s stock price fell $3.34, or 8%, to close at $38.48 per share on April 12, 2024, thereby injuring investors.If you purchased Malibu securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to th Show less Read more
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