LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Mueller Water Products, Inc. (“Mueller” or ''the Company'') (NYSE: MWA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between May 9, 2016, and August 6, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before June 10, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.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.
According to the Complaint, the Company made false and misleading statements to the market. Mueller lacked the ability to adequately test its product quality. Some products contained radio components prone to early failure. Based on this quality defect, the Company was likely to suffer from increased costs such as warranty costs. These costs were likely to impact Mueller’s financial performance. At the same time, the Company failed to maintain proper internal controls on warranty estimates and costs. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Mueller, investors suffered damages.
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