LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24MWA&src=ctag” target=”_blank”gt;$MWAlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAction?src=hash” target=”_blank”gt;#ClassActionlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Mueller Water
Products, Inc. (“Mueller” or ”the Company”) (NYSE: MWA)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Investors who purchased the Company’s shares between May 9, 2016, and
August 6, 2018, inclusive (the ”Class Period”), are encouraged to
contact the firm before June 10, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Mueller lacked the ability to adequately test
its product quality. Some products contained radio components prone to
early failure. Based on this quality defect, the Company was likely to
suffer from increased costs such as warranty costs. These costs were
likely to impact Mueller’s financial performance. At the same time, the
Company failed to maintain proper internal controls on warranty
estimates and costs. Based on these facts, the Company’s public
statements were false and materially misleading throughout the class
period. When the market learned the truth about Mueller, investors
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.