ROSEN, LEADING TRIAL ATTORNEYS, Encourages Malibu Boats, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MBUU

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Malibu Boats, Inc. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Malibu Boats securities between November 4, 2022, and April 11, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 28, 2024 [3]. Group 2: Allegations Against Malibu Boats - The lawsuit alleges 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 dealerships [5]. - As a result of this scheme, Malibu Boats allegedly inflated its sales performance, market share, and stock value, while also withholding certain incentives and rebates from its dealers [5]. - The lawsuit claims that Malibu Boats faced substantial litigation risks from one of its top dealers, and the CEO departed due to involvement in this scheme, leading to materially misleading statements about the company's business and prospects [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].