NEW YORK, June 3, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Malibu Boats, Inc. (NASDAQ: MBUU) between November 4, 2022 and April 11, 2024, both dates inclusive (the "Class Period"), of the important June 28, 2024 lead plaintiff deadline. SO WHAT: 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. WHA ...

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Malibu Boats, Inc. ("Malibu Boats" or "the Company") (NASDAQ: MBUU) for violations of the federal securities laws on behalf of investors who purchased or acquired Malibu Boats common stock between November 4, 2022 and April 11, 2024, inclusive (the "Class Period"). On April 29, 2024, a complaint was filed against the ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Malibu Boats, Inc. ("Malibu Boats" or the "Company") (NASDAQ: MBUU) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Malibu Boats investors who were adversely affected by alleged securities fraud between November 4, 2022 and April 11, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/malibu-boats-inc-law ...

DEADLINE: June 28, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/malibu-boats-inc-loss-submission-form/? id=81722&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MBUU during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead ...

To join the Malibu Boats class action, go to https://rosenlegal.com/submit-form/?case_id=24654 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. 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 dep ...

Core Viewpoint - A class action securities lawsuit has been filed against Malibu Boats, Inc. alleging securities fraud that affected investors between November 4, 2022, and April 11, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims 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 dealerships [2]. - As a result of this scheme, the company allegedly inflated its sales performance, market share, and stock value [2]. - The complaint also states that Malibu Boats was withholding certain incentives and rebates from its dealers, leading to substantial litigation risks from one of its top dealers, Tommy's [2]. - The CEO of the company departed due to his involvement in this scheme, which contributed to misleading positive statements about the company's business and operations [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until June 28, 2024, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record, having secured hundreds of millions of dollars for aggrieved shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the United States [4].

NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Malibu Boats, Inc. (NASDAQ: MBUU). Shareholders who purchased shares of MBUU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/malibu-boats-inc-loss-submission-form/?id=80726&from=4 CLASS PERIOD: November 4, 202 ...

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. BENSALEM, Pa., May 20, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Malibu Boats, Inc. ("Malibu Boats" or the "Company") (NASDAQ: MBUU). Class Period: November 4, 2022 – April 11, 2024 Lead Plaintiff Deadline: June 28, 2024 Investors suffering losses on the ...

Core Viewpoint - A class action lawsuit has been filed against Malibu Boats, Inc. for alleged securities fraud and unlawful business practices, with a deadline for shareholders to join the lawsuit by June 28, 2024 [2]. Group 1: Company Developments - On February 20, 2024, Malibu Boats announced the mutual agreement for CEO Jack Springer to cease his role, resulting in a stock price drop of $4.33 per share, or 9.1%, closing at $43.15 [3]. - On April 11, 2024, Malibu Boats faced a lawsuit from Tommy's Boats, alleging that the company delivered approximately $100 million worth of inventory to artificially inflate its stock price and market share, which negatively impacted Tommy's sales targets [4]. - Following the lawsuit news, Malibu Boats' stock price fell by $5.68 per share, or 13.58%, closing at $36.14 on April 15, 2024 [5]. Group 2: Legal Context - The class action lawsuit concerns whether Malibu Boats and its officers engaged in securities fraud or other unlawful business practices, with the opportunity for shareholders to become Lead Plaintiffs if they acquired securities during the Class Period [2]. - Pomerantz LLP, the firm handling the lawsuit, is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions in damages for class members over its 85-year history [6].

We define Adjusted EBITDA as net (loss) income before interest expense, income taxes, depreciation, amortization and non-cash, non-recurring or non-operating expenses, including non-cash compensation expense. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not measures of net (loss) income as determined by GAAP. Management believes Adjusted EBITDA and Adjusted EBITDA Margin allow investors to evaluate our operating performance and comp ...