Bragar Eagel & Squire, PC, a well-known law firm focusing on shareholder rights, has reminded investors of ongoing class action lawsuits involving Malibu Boats, Inc., Equinix, Intel Corporation, and AXT, Inc. Shareholders have until specific deadlines to nominate themselves as lead plaintiffs in these cases.
For Malibu Boats, Inc. (NASDAQ: MBUU), the class period runs from November 4, 2022, to April 11, 2024, with a lead plaintiff deadline of June 28, 2024. The lawsuit alleges that the company engaged in a scheme to inflate sales by overstocking inventory at certain dealerships, leading to a decline in the company’s stock price.
Equinix (NASDAQ: EQIX) is facing a class action lawsuit for allegedly manipulating its finances to boost operating expenses and failing to disclose risks associated with overselling power capacity. The class period for this case is from May 3, 2019, to March 24, 2024, with a lead plaintiff deadline of July 1, 2024.
Intel Corporation (NASDAQ: INTC) is involved in a class action lawsuit from January 25, 2024, to April 25, 2024, with a lead plaintiff deadline of July 2, 2024. The lawsuit alleges that the company’s executives made false and misleading statements about the company’s financial results, leading to a decline in the stock price.
AXT, Inc. (NASDAQ: AXI) is facing a class action lawsuit for exaggerating its holdings, failing to disclose a failed attempt to take a subsidiary public in China, engaging in environmental violations, and experiencing a decrease in production. The class period is from March 24, 2021, to April 3, 2024, with a lead plaintiff deadline of July 5, 2024.
Bragar Eagel & Squire, PC is a prominent law firm with offices in New York, California, and South Carolina, representing individual and institutional investors in complex commercial and securities litigation across the country. Investors interested in joining any of these class action lawsuits can find more information on the firm’s website.
Overall, these ongoing class action lawsuits highlight the importance of shareholder rights and transparency in corporate operations, as investors seek accountability and fair treatment in financial markets.
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https://www.globenewswire.com/news-release/2024/06/22/2902567/0/en/Bragar-Eagel-Squire-P-C-Reminds-Investors-That-Class-Action-Lawsuits-Have-Been-Filed-Against-Malibu-Boats-Equinix-Intel-and-AXT-and-Encourages-Investors-to-Contact-the-Firm.html