The Complaint alleges violations of the federal securities laws against Supreme and its officers and directors for making materially false and misleading statements to investors. According to the Complaint, even though defendants knew that the backlog figure for the third quarter 2015 was an anomaly due to the timing of several large orders, the Company's Chief Financial Officer misleadingly stated in a conference call in the second quarter of 2016 that "the backlog [for the third quarter 2016] is going to settle more towards the way it looked Q3 last year." When the truth became known to the market, the Complaint alleges that investors suffered damages.
If you purchased Supreme common stock during the Class Period, suffered a loss on those shares in excess of $100,000 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Peter W. Overs, Jr., Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2016 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-encourages-investors-who-have-losses-in-excess-of-100000-from-investment-in-supreme-industries-inc-sts-to-inquire-about-the-lead-plaintiff-position-in-securities-fraud-class-action-lawsuit-before-the-janua-300362541.html
SOURCE Harwood Feffer LLP