LOS ANGELES–(BUSINESS WIRE)–$MWA #ClassAction—The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
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.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. 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.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall 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 brian@schallfirm.com.
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 Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell:
424-303-1964
info@schallfirm.com
www.schallfirm.com
