Frank’s Law Office

LOS ANGELES, May 3, 2024 (GLOBE NEWSWIRE) — The Law Office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact the Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

Compass Minerals International, Inc. (NYSE:CMP)
Class period: November 29, 2023 – March 22, 2024
Lead plaintiff deadline: June 24, 2024

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Compass Minerals overestimated the likelihood that it would be awarded a renewed U.S. Forest Service contract to use its proprietary magnesium chloride-based aerial fire retardants for the 2024 fire season , as a result of safety problems caused by the fire retardant; (2) Compass Minerals significantly overestimated the extent to which testing had confirmed the fire retardants were safe; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you are a Compass shareholder and have suffered a loss, click here to participate.

Malibu Boats, Inc. (NASDAQ: MBUU)
Class period: November 4, 2022 – April 11, 2024
Lead plaintiff deadline: June 28, 2024

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Malibu Boats engaged in an “elaborate scheme to overproduce nearly $100 million of its highest-priced, slow-moving, highest-margin boat inventory and into fifteen Tommy’s dealers to pump”; (2) that as a result, the Company artificially inflated Malibu’s sales performance, market share, and stock value; (3) that the Company withheld certain incentives and rebates from its dealers; (4) that as a result of the foregoing, the Company was at significant risk of litigation by one of its top dealers, Tommy’s; (5) that the Company’s CEO left because of this role in this plan; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Are you a shareholder of Malibu Boats and have you suffered a loss? Then click here to participate.

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To join these class actions, you do not need to take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you would like to learn more about these class actions, or if you have any questions about this announcement or your rights or interests regarding these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, 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 the number of shares purchased.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com