Malibu Boats, Inc. Class Action Lawsuit - MBUU

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.

In order to be eligible to join the MBUU class action lawsuit, you must have incurred a loss on shares of Malibu Boats purchased during the class period listed above.

If you suffered a loss in Malibu Boats during the relevant time frame or pursuant to the relevant offering(s), you have until June 28, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.