YORK, Aug. 19, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Weber Inc. (NYSE: WEBR).
To receive updates on the lawsuit, fill out
This lawsuit is on behalf of persons and entities that purchased
or otherwise acquired Weber Class A common stock pursuant and/or
traceable to the registration statement and prospectus issued in
connection with the Company's August
2021 initial public offering.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
September 27, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Weber Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(1) Weber was reasonably likely to implement price increases; (2)
as a result, consumer demand for Weber's products was reasonably
likely to decrease; (3) due to the resulting inventory buildup,
Weber was reasonably likely to run promotions to "enhance retail
sell through"; (4) the foregoing would adversely impact Weber's
financial results; and (5) as a result of the foregoing,
defendants' positive statements about the Company's business,
operations, and prospects, were materially misleading and/or lacked
a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
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SOURCE Jakubowitz Law