Kaskela Law LCC is investigating Malibu Boats, Inc. (NASDAQ: MBUU) on behalf of the company’s long-term shareholders.

Recently a securities fraud complaint was filed against Malibu Boats on behalf of certain investors who purchased shares of the company’s stock between November 4, 2022 and May 1, 2024 (the “Class Period”).  According to the complaint, during the Class Period Malibu Boats and several of the company’s senior executive officers made a series of materially false and misleading statements to investors about demand for the company’s products, and engaged in a channel stuffing scheme that was so extreme that it left certain of Malibu Boats’ third-party dealers in dire financial condition.

Through a series of partial discuses to the market – including the reporting of disappointing financial and operational results, missed financial guidance, and news that one of the company’s largest third-party dealers had filed a lawsuit against the company – shares of Malibu Boats common stock declined approximately 50% of their value during the Class Period.

The investigation seeks to determine whether the members of Malibu Boats’ board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.

Malibu Boats shareholders who purchased or acquired MBUU shares prior to July 2023 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750