Robbins Arroyo LLP: Mueller Water Products, Inc. (MWA) Sued for Misleading Shareholders
Shareholder rights law firm
Robbins Arroyo LLP informs investors of the class action complaint filed against Mueller Water Products, Inc. (NYSE: MWA) for
alleged violations of the Securities Exchange Act of 1934 between May 9, 2016 and August 6, 2018. Mueller is a manufacturer of
products and services used in the transmission, distribution and measurement of water in North America.
View this information on the law firm's Shareholder Rights Blog:
https://www.robbinsarroyo.com/mueller-water-products-inc/
Mueller Accused of Misleading Investors Regarding Product Quality
According to the complaint, in April 2017, in connection with its second quarter 2017 financial results, Mueller disclosed that
its radio products produced between 2011 and 2014 had been failing prematurely, resulting in a $9.8 million warranty charge. On
this news, Mueller’s share price fell more than 11% to close at $11.25 per share on April 28, 2017. Then, on August 6, 2018, in
connection with its third quarter 2018 financial results, the Company reported a $14.1 million warranty charge. On this news,
Muellers’s share price fell 6% to close at $11.58 per share on August 7, 2018, and continues to trade below the class period
high.
Mueller Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leo
Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion
of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
LKandinov@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190412005481/en/