LOS ANGELES, CA / ACCESSWIRE / August 4, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Weber Inc. ("Weber" or "the Company") (NYSE:WEBR) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted in August 2021 (the "IPO"), are encouraged to contact the firm before September 27, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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 [email protected].
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. Weber was likely to raise prices on its consumer products, a move likely to negatively impact demand. The Company was likely to run promotions to "enhance retail sell through" to reduce inventory buildup. These decisions were likely to negatively impact the Company's financial performance. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Weber, investors suffered damages.
Join the caseto recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm