Levi & Korsinsky, LLP announces the commencement of a class action lawsuit in the USDC for the Central District of California on behalf of shareholders of Supreme Industries Inc. (NYSE MKT: STS) who purchased shares between July 22, 2016 and October 21, 2016.
The complaint alleges that throughout the class period Supreme made false and/or misleading statements and/or failed to disclose that: (1) the backlog figure from the third quarter of 2015 was a result of the timing of several large orders placed in that quarter; (2) the backlog figure for the third quarter of 2016 would not be close to the backlog figure of the third quarter of 2015; and (3) as a result, Defendants’ public statements about Supreme Industries’ business, operations and prospects were materially false and misleading at all relevant times.
If you suffered a loss in Supreme you have until January 3, 2017 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.
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