SAN FRANCISCO, May 29, 2019 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP, with nine offices in eight cities around the country and eighty attorneys, alerts investors in A.O. Smith Corporation (NYSE: AOS) to the securities class action, Bleier v. AO Smith Corporation et al., No. 2:19-cv-00786, pending in the United States District Court for the Eastern District of Wisconsin.
If you purchased or otherwise acquired A.O. Smith securities between July 26, 2016 and May 16, 2019 (the "Class Period") and suffered losses you do not need to sign up to be included in the putative class of investors.
If you purchased or otherwise acquired A.O. Smith securities during the Class Period and suffered significant losses (in excess of $50,000), you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.
If you wish to serve as a lead plaintiff in this class action, you must move the Court no later than July 29, 2019 (the "Lead Plaintiff Deadline"). Contact Hagens Berman immediately for more information about the case and being a lead plaintiff.
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
According to the complaint, Defendants concealed A.O. Smith's use of a distribution partner to artificially inflate the Company's sales and gross margins in the Chinese market.
"We're focused on investors' losses, whether the matters raised by J Capital Research and Spruce Point are correct, and whether investors may have been misled," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding A.O. Smith should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email AOS@hbsslaw.com.
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Reed Kathrein, 510-725-3000
SOURCE Hagens Berman Sobol Shapiro LLP