ONGOING INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Weber Inc. with Losses of $100,000 to Contact the Firm
Jul 27th, 2022 15:05 EST
Los Angeles, California--(Newsfile Corp. - July 27, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Weber Inc. ("Weber" or "the Company") (NYSE: WEBR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Weber announced its preliminary third quarter 2022 financial results on July 25, 2022, disclosing net sales between $525 million and $530 million. The Company announced a net loss for the quarter, claiming that "profitability was negatively impacted by" factorings including "promotional activity to enhance retail sell through." The Company also announced that CEO Chris Scherzinger "is departing." Based on this news, shares of Weber fell by 16%.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132057