Malibu Boats (MBUU) Under Fire After Securities Class Action Filed – Hagens Berman
Malibu Boats(MBUU) GlobeNewswire News Room·2024-06-14 06:57
Boat maker Malibu Boats, Inc. (MBUU) is facing a class-action lawsuit alleging accounting irregularities that inflated sales figures. The lawsuit seeks to recover damages for investors who purchased Malibu securities between November 4, 2022, and April 11, 2024. Furthermore, the lawsuit claims that Malibu withheld certain incentives and rebates from its dealers, including Tommy's Boats. This alleged withholding is said to have created tension and ultimately led to a legal battle between Malibu and Tommy's. ...