NEW YORK--(EON: Enhanced Online News)--The law firm of Kirby McInerney LLP reminds investors in Supreme Industries, Inc. (“Supreme” or the “Company”) (NYSE:STS) that a class action lawsuit has been filed against the Company and certain of its officers. The suit was filed in the United States District Court for the Central District of California on behalf purchasers of Supreme common stock from July 22, 2016 through October 21, 2016 (the “Class Period”).
This class action seeks to recover damages for alleged violations of the federal securities laws. Pursuant to applicable law, investors have until January 3, 2017 to file a motion to be appointed as lead plaintiff in the investor lawsuit.
Supreme manufactures and sells truck bodies and specialty vehicles in the United States.
The lawsuit alleges that throughout the Class Period, Defendants misrepresented and concealed facts pertaining to Supreme’s business and financial results. Specifically, on October 21, 2016, the Company disclosed that the order backlog for the third quarter 2016 will be significantly lower than the order backlog for the third quarter 2015 because the backlog for the third quarter 2015 had been enhanced by unique circumstances.
On this news, Supreme’s stock price fell from $17.96 to $13.68.
If you acquired Supreme securities during the Class Period and are interested in learning more about this matter and any rights you might have with respect to these claims, contact Thomas W. Elrod, Esq. at email@example.com, or by telephone at (212) 371-6600. Please bear in mind that some of these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, consumer, and whistleblower litigation. The firm has specialized in complex litigation, including securities class actions, for several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise in this field, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. The firm’s efforts in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements have been chronicled in numerous published decisions. Additional information about the firm and the claims against Supreme Industries, Inc. can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.