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Levi & Korsinsky LLP, a nationally-recognized securities litigation firm, has recently filed a class action securities lawsuit against Malibu Boats, Inc. (NASDAQ:MBUU). The lawsuit aims to recover losses suffered by shareholders who were allegedly affected by securities fraud between November 4, 2022, and April 11, 2024.
According to the filed complaint, it is alleged that Malibu Boats engaged in an “elaborate scheme” to overproduce and distribute nearly $100 million worth of its high-priced, slow-moving boat inventory to fifteen Tommy’s dealerships. The complaint further claims that this action artificially inflated the company’s sales performance, market share, and stock value.
Additionally, the lawsuit alleges that the company withheld certain incentives and rebates from its dealers, which posed a significant risk of litigation from one of its top dealers, Tommy’s. As a result of these alleged actions, the company’s CEO departed from his position.
Levi & Korsinsky LLP, with its extensive expertise in representing investors in complex securities litigation, aims to secure a recovery for shareholders who suffered losses during the specified time frame. The firm has a track record of winning high-stakes cases and has been consistently ranked as one of the top securities litigation firms in the United States.
Shareholders who suffered a loss in Malibu Boats stock during the relevant period are encouraged to visit the provided link to learn about their rights and potential recovery options. It is important to note that participation in the lawsuit involves no cost or obligation.
Malibu Boats, Inc. is a leading manufacturer of recreational powerboats, known for its innovative designs and high-quality products. The company has established a strong presence in the boating industry and has a dedicated customer base.
Levi & Korsinsky LLP, as a reputable law firm, is committed to advocating for shareholders and seeking justice in cases of alleged securities fraud. With a team of experienced professionals, the firm strives to provide effective legal representation and secure favorable outcomes for its clients.
Investors who believe they may have a claim in this class action lawsuit are encouraged to contact Levi & Korsinsky LLP via email or phone to speak with their team of experienced shareholder advocates. The firm is dedicated to assisting investors in navigating the legal process and pursuing potential recoveries.
Please note that this article is for informational purposes only and does not guarantee similar outcomes.
