NEW YORK, NY / ACCESSWIRE / October 19, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Winnebago Industries, Inc. ("Winnebago" or the "Company") (NYSE:WGO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Winnebago and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On September 23, 2024, Hunterbrook Media ("Hunterbrook") published a report entitled "'Grand Deception' - Winnebago Muzzles Outcry Over Major Problem That Owners Say Makes RVs Dangerous, Untowable, Worthless". The Hunterbrook report alleged that "Winnebago's best-selling Grand Design RVs (~35% of total revenue according to Hunterbrook's analysis) appear to be experiencing widespread frame failure, potentially affecting thousands of units sold for more than a billion dollars" and that "[t]his defect has led to costly damage and potential safety hazards and rendered some RVs unroadworthy."
Following publication of the Hunterbrook report, Winnebago's stock price fell $1.35 per share, or 2.28%, to close at $57.76 per share on September 23, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP