January 3 Deadline Alert: Law Offices of Howard G. Smith Reminds Supreme Industries Inc. Investors of Upcoming Lead Plaintiff...
December 23 2016 - 12:56PM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming January 3, 2017 deadline to file a lead
plaintiff motion in the class action filed on behalf of investors
who purchased Supreme Industries, Inc. (“Supreme” or the “Company”)
(NYSE: STS) securities between July 22, 2016 and October 21,
2016, inclusive (the “Class Period”). Supreme investors have
until January 3, 2017 to file a lead plaintiff
motion.
Supreme manufactures and distributes custom built trucks and
vehicles for private and government use. According to the Complaint
filed in this lawsuit, throughout the Class Period Defendants made
false and/or misleading concerning its backlog figures and future
profitability. Specifically, the complaint alleges that Supreme
failed to advise investors regarding its declining backlog and
that: (1) the backlog figure from the third quarter of 2015 was a
result of the timing of several large orders placed in that
quarter; (2) the backlog figure for the third quarter of 2016 would
not be close to the backlog figure of the third quarter of 2015;
and (3) as a result, Defendants’ public statements about Supreme
Industries’ business, operations and prospects were materially
false and misleading at all relevant times. When the true details
entered the market, the lawsuit claims that investors suffered
damage.
If you purchased Supreme shares, you may move the Court no later
than January 3, 2017 to request appointment as
lead plaintiff. To be a member of the class you need not take any
action at this time; you may retain counsel of your choice or take
no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161223005325/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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