Hagens Berman Sobol Shapiro LLP reminds investors in A.O. Smith Corporation (NYSE: AOS) of the October 18, 2019 Lead Plaintiff deadline in the securities class action, City of Birmingham Retirement and Relief System v. A.O. Smith Corporation et al., No. 2:19-cv-01198, pending in the U.S. District Court for the Eastern District of Wisconsin. If you invested in A.O. Smith between July 26, 2016 and May 16, 2019 (the “Class Period”) and suffered in excess of $200,000 in losses you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case. According to the Complaint, Defendants misled investors by concealing A.O. Smith’s use of a distribution partner (Jiangsu UTP Supply Chain, or “UTP”) to (1) artificially inflate the Company’s sales and gross margins in the Chinese market, and (2) mask its actual China revenue and earnings slowdown through distributor-financed channel stuffing.
source https://finance.yahoo.com/news/aos-litigation-deadline-reminder-hagens-233642446.html?.tsrc=rss