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WELBILT 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Welbilt, Inc. - WBT
[February 10, 2019]

WELBILT 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Welbilt, Inc. - WBT


ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until February 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against Welbilt, Inc. (NYSE: WBT). Investor losses must relate to purchases of the Company's shares between February 24, 2017 and November 2, 2018. This action is pending in the United States District Court for the Middle District of Florida.

Get Help

Welbilt investors should visit us at https://www.claimsfiler.com/cases/view-welbilt-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.



About the Lawsuit

On November 5, 2018, Welbilt disclosed a restatement to its YE December 31, 2016 financial statements and likely revision to its December 31, 2015 and 2017 statements citing "errors in the tax basis of a foreign subsidiary and incorrect amortization of the intangible assets held by the same entity" and "certain intercompany transactions [that] were not recorded on a timely basis." On this news, the price of Welbilt's shares plummeted.


The case is Schlimm v. Welbilt, Inc et al, 18-cv-3007.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.


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