A Deadline is coming up on January 3, 2017 in the lawsuit for investors in NYSEMKT:STS shares and NYSEMKT:STS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/20/2016 -- A deadline is coming up on January 3, 2017 in the lawsuit filed for investors of Supreme Industries, Inc. (NYSEMKT:STS) over alleged securities laws violations by Supreme Industries.
Investors who purchased shares of Supreme Industries, Inc. (NYSEMKT:STS) have certain options and there are strict and short deadlines running. Deadline: January 3, 2017. NYSEMKT:STS stockholders should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Supreme Industries, Inc. (NYSEMKT:STS) common shares between July 22, 2016 and October 21, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 22, 2016 and October 21, 2016 the Defendants made false and/or misleading statements and/or failed to disclose that the backlog figure from the third quarter of 2015 was a result of the timing of several large orders placed in that quarter, that the backlog figure for the third quarter of 2016 would not be close to the backlog figure of the third quarter of 2015, and that 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.
On October 21, 2016, Supreme Industries, Inc. announced that its third-quarter backlog of truck sales declined 22% from the third quarter 2015. Later that same day, Cliffside Research initiated coverage of the stock of Supreme Industries, Inc. with a "Strong Sell" rating, stating that the "part is over" for both the company and the market of light- to medium-duty trucks that it serves, and asserting that "[h]eavy insider trading in [Supreme Industries] is a canary in the coal mine that should not be ignored."
Those who purchased shares of Supreme Industries, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego