LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces the filing of a class action lawsuit against Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR) for violation of federal securities laws.
Investors who have purchased shares of the Company as part of and/or traceable to the Company’s initial public offering completed in August 2021 (the “IPO”), are encouraged to contact the Company by September 27, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Weber was likely to raise prices for its consumer products, a move that could negatively impact demand. The company was likely to run promotions to “enhance retail” to reduce inventory hoarding. These decisions were likely to have a negative impact on the Company’s financial performance. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Weber, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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