NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against A.O. Smith Corporation (“A.O. Smith” or the “Company”) (NYSE: AOS). This investigation concerns whether A.O. Smith has violated federal securities laws and/or engaged in other unlawful business practices.
On May 16, 2019, J Capital Research published a report raising questions about A.O. Smith’s revenue from China as well as its access to $539 million—or about 84% of the Company’s total cash at year end 2018—deposited in China. On this news, shares of A.O. Smith fell $3.02, approximately 6.27%, to close at $45.12 on May 16, 2019.
If you acquired A.O. Smith securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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