An investigation on behalf of current long term investors in Weber Inc. (NYSE:WEBR) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/28/2022 -- Certain directors of Weber Inc. are under investigation over possible breaches of fiduciary duties.
Investors who are current long term investors in Weber Inc. (NYSE: WEBR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: WEBR stocks follows a lawsuit filed against Weber Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: WEBR stocks, concerns whether certain Weber directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that Weber was reasonably likely to implement price increases, that, as a result, consumer demand for Weber's products was reasonably likely to decrease, that, due to the resulting inventory buildup, Weber was reasonably likely to run promotions to "enhance retail sell through", that the foregoing would adversely impact Weber's financial results, and that that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Weber Inc. (NYSE: WEBR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.