Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (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/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
© 2024 Canjex Publishing Ltd. All rights reserved.