NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Malibu Boats, Inc. (NYSE:MBUU)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made false and/or misleading statements and/or failed to disclose material information about the Company's business and operations. The Company sells boats via a network of independent dealers, including dealers operating under the common control of Tommy's Boats. Throughout the Relevant Period, the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Malibu Boats engaged in an "elaborate scheme to over manufacture and pump nearly $100 million of its highest priced, highest margin, slow moving boat inventory into fifteen Tommy's dealerships"; (ii) the Company artificially inflated Malibu's sales performance, market share, and stock value; (iii) the Company was withholding certain incentives and rebates from its dealers; (iv) the Company faced substantial risk of litigation from one of its top dealers, Tommy's; (v) the Company's CEO departed due to this role in this scheme; and (vi) that, as a result of the foregoing, the Company's positive statements about the its business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you are a MBUU investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
Globe Life, Inc. (NYSE:GL)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements concerning: (i) Globe Life's consistent premium revenue growth, particularly from AIL - the largest of Globe Life's subsidiaries; and (ii) Globe Life's Code of Business Conduct and Ethics. More specifically, the Compay repeatedly attributed its consistent premium revenue growth "to increased agent count and productivity." As a result of these misrepresentations, Globe Life common stock traded at artificially inflated prices during the Relevant Period.
If you are a GL investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
The Chemours Company (NYSE:CC)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company failed to disclose that: (i) certain of the Company's senior executive officers manipulated Free Cash Flow targets as a means to maximize additional cash and stock incentive compensation applicable to executive officers pursuant to the Company's AIPs and LTIPs; (ii) the Company's accounting practices and procedures, including its internal control over financial reporting, were deficient; and (iii) the Company's statements about its business, operations, and prospects lacked a reasonable basis.
If you are a CC investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
AXT, Inc. (NASDAQ:AXTI)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made false and/or misleading statements and/or failed to disclose that: (i) AXT overstated its property holdings; (ii) the Company did not disclose that the attempted listing of an AXT subsidiary in China had reportedly failed; (iii) AXT routinely engaged in environmental violations and unsafe business practices; (iv) AXT's production declined in 2023; and (v) as a result, the Company's statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.
If you are an AXTI investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
ATTORNEY ADVERTISING.© 2024 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Lifshitz Law PLLC
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: info@lifshitzlaw.com
SOURCE: Lifshitz Law Firm, P.C.
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