Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired A.O. Smith Corporation ("A.O. Smith") (NYSE: AOS) common stock between February 17, 2017 and May 28, 2019, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the company had used a distribution partner, Jiangsu UTP Supply Chain, to artificially inflate A.O. Smith’s sales and gross margins in the important Chinese market; and (2) as a result of this adverse information being withheld from the market, the price of the company’s stock was artificially inflated during the Class Period.
Current Status of Case:
On June 24, 2020, the Court granted Defendants’ Motion to Dismiss and dismissed the case on August 3, 2020. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.