LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces a class action lawsuit has been filed against Supreme Industries Inc. (“Supreme Industries” or the “Company”) (NYSE: STS). Investors who purchased or otherwise acquired shares between July 22, 2016 and October 21, 2016 inclusive (the “Class Period”) are encouraged to contact the firm in advance of the January 3, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
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 take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Supreme Industries made false and/or misleading statements and/or failed to disclose that: the backlog figure from the third quarter of 2015 was a result of the timing of many large orders placed in that quarter; that the backlog figure for the third quarter of 2016 would not be close to the backlog figure of the third quarter of 2015; and that as a result of the above, the Company’s public statements about its business, operations and prospects were materially false and misleading at all relevant times. When this news was announced, shares of Supreme Industries fell in value, causing investors harm. On October 21, 2016, the Company announced its third quarter backlog of truck sales declined 22% from the third quarter 2015. On October 22, 2016, Cliffside Research published a report discussing the unexpected third quarter backlog decline and heavy insider selling through 2016.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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