TMCnet News

The Law Offices of Frank R. Cruz Announces Investigation of Malibu Boats, Inc. (MBUU) on Behalf of Investors
[April 15, 2024]

The Law Offices of Frank R. Cruz Announces Investigation of Malibu Boats, Inc. (MBUU) on Behalf of Investors


The Law Offices of Frank R. Cruz announces an investigation of Malibu Boats, Inc. ("Malibu" or the "Company") (NASDAQ: MBUU) on behalf of investors concerning the Company's possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On pril 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.

Follow us for updates on Twitter: twitter.com/FRC_LAW.


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 these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


[ Back To TMCnet.com's Homepage ]