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MINNEAPOLIS, Nov. 09, 2016 -- Lockridge Grindal Nauen P.L.L.P. announces that a class action has been commenced in the United States District Court for the Central District of California on behalf of purchasers of Supreme Industries, Inc. (“Supreme Industries” or the “Company”) (NYSE:STS) securities during the period July 22, 2016 through October 21, 2016 (the “Class Period”).
If you are a member of the proposed Class, you may move the Court to serve as a lead plaintiff for the Class on or before January 3, 2017. You do not need to be a lead plaintiff in order to share in any recovery that may be obtained.
The Complaint alleges that Defendants made materially false and/or misleading statements and/or failed to disclose that: 1) the backlog figure from the third quarter of 2015 was a result of the timing of several large orders placed in that quarter; 2) the backlog figure for the third quarter of 2016 would not be close to the backlog figure of the third quarter of 2015; and 3) as a result, Defendants’ public statements about Supreme Industries’ business, operations and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damage.
If you purchased Supreme Industries, Inc. stock during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact:
Gregg M. Fishbein, Esq. ([email protected]) Lockridge Grindal Nauen P.L.L.P. 100 Washington Avenue South, Suite 2200 Minneapolis, MN 55401 (612) 339-6900
