SUPREME INDUSTRIES SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Loss...
December 02 2016 - 10:07PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until January 3, 2017 to file lead
plaintiff applications in a securities class action lawsuit against
Supreme Industries Inc. (NYSE MKT: STS), if they purchased the
Company’s securities between July 22, 2016 and October 21, 2016,
inclusive (the “Class Period”). This action is pending in the
United States District Court for the Central District of
California.
What You May Do
If you purchased securities of Supreme and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by January 3, 2017.
About the Lawsuit
Supreme and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On July 22, 2016, during a conference call regarding the 2016
second quarter results, Supreme’s Chief Financial Officer discussed
earning projections for the 2016 third quarter and stated that “the
backlog is going to settle more towards the way it looked Q3 last
year.”
However, on October 21, 2016, when Supreme reported its 2016
third quarter results, Supreme’s order backlog was $58.1 million,
much lower than the $74.4 million in order backlog at the end of
last year’s same quarter.
On this news, the price of Supreme Industries’ shares
plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161202005091/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
Supreme (AMEX:STS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Supreme (AMEX:STS)
Historical Stock Chart
From Sep 2023 to Sep 2024