Ein Industriestandort bei Sonnenaufgang (Symbolbild).
Montag, 12.12.2022 12:00 von

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Schmitt Industries, Inc. with Losses of $100,000 to Contact the Firm

Ein Industriestandort bei Sonnenaufgang (Symbolbild). pixabay.com

PR Newswire

LOS ANGELES, Dec. 12, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Schmitt Industries, Inc. ("Schmitt" or "the Company") (NASDAQ: SMIT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between September 1, 2020 and September 20, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before December 12, 2022. 

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 bschall@schallfirm.com.

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.

According to the Complaint, the Company made false and misleading statements to the market. Schmitt continuously downplayed the extent of its serious failure to maintain internal controls. The Company's financial statements included "serious errors" beginning in August 2021. The Company would be forced to restate its previously filed financial statements for certain periods. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Schmitt, investors suffered damages.


ARIVA.DE Börsen-Geflüster

Kurse

0,015 $
+48,5%
Schmitt Industries Chart

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com 
Office: 310-301-3335 
info@schallfirm.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/final-deadline-today-the-schall-law-firm-encourages-investors-in-schmitt-industries-inc-with-losses-of-100-000-to-contact-the-firm-301700254.html

SOURCE The Schall Law Firm

Werbung

Mehr Nachrichten zur Schmitt Industries Aktie kostenlos abonnieren

E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.


Andere Nutzer interessierten sich auch für folgende News

ARIVA.DE Redaktion Thumbnail
11:13 - ARIVA.DE Redaktion
ARIVA.DE Redaktion Thumbnail
02.07.24 - ARIVA.DE Redaktion