Malibu Boats Lawsuit Submission Form

Company: Malibu Boats, Inc.

Ticker: (NASDAQ) MBUU

Deadline

Passed

Lead Plaintiff Deadline: June 28, 2024

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Allegations

The filed complaint alleges that Malibu Boats, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Malibu Boats had 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 Tommy’s dealerships”; (2) as a result, the Company artificially inflated Malibu’s sales performance, market share, and stock value; (3) the Company was withholding certain incentives and rebates from its dealers; (4) as a result of the foregoing, the Company faced substantial risk of litigation from one of its top dealers, Tommy’s; (5) the Company’s CEO departed due to his role in this scheme; and (6) 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.