NEW YORK–(BUSINESS WIRE)–$MWA—Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims against the board of directors of Mueller Water Products, Inc. (“Mueller Water” or the “Company”) (NYSE: MWA), concerning whether the board breached its fiduciary duties to shareholders.
Mueller Water manufactures and markets products and services used in the transmission, distribution, and measurement of water. On April 27, 2017, the Company disclosed that its radio products produced between 2011 and 2014 had been failing prematurely, resulting in a $9.8 million warranty charge. Then, on August 6, 2018, the Company reported a $14.1 million warranty charge.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing issues.
If you own Mueller Water shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact Benjamin I. Sachs-Michaels, Esquire, of GPM, 712 Fifth Avenue, 31st Floor, New York, New York 10019 at (212) 935-7400 or by email to [email protected]. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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Contacts
Glancy Prongay & Murray LLP, Los Angeles/New York
Benjamin I. Sachs-Michaels, (212) 935-7400
[email protected]
www.glancylaw.com
