HENDERSONVILLE, TN / ACCESSWIRE / August 5, 2019 / The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, informs investors of the class action complaint filed against Mueller Water Products, Inc. (NYSE: MWA) for alleged violations of the Securities Exchange Act of 1934 between May 9, 2016 and August 6, 2018. Mueller is a manufacturer of products and services used in the transmission, distribution and measurement of water in North America.
Mueller Accused of Misleading Investors Regarding Product Quality
According to the complaint, in April 2017, in connection with its second-quarter 2017 financial results, Mueller disclosed that its radio products produced between 2011 and 2014 had been failing prematurely, resulting in a $9.8 million warranty charge. On this news, Mueller’s share price fell more than 11% to close at $11.25 per share on April 28, 2017. Then, on August 6, 2018, in connection with its third-quarter 2018 financial results, the Company reported a $14.1 million warranty charge. On this news, Muellers’s share price fell 6% to close at $11.58 per share on August 7, 2018, and continues to trade below the class period high and currently trades at $9.96.
The Law Offices of Timothy L. Miles Encourages Mueller Shareholders to Contact the Firm
If you purchased Mueller securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Timothy L. Miles, Esquire, at 615-587-7384, Toll-Free at 855-846-6529, or by email to firstname.lastname@example.org. If you inquire by email please include your mailing address, telephone number, and the number and dates of shares purchased.
About Timothy L. Miles
Timothy L. Miles is a nationally recognized shareholder rights attorney born and raised in Nashville, Tennessee. Mr. Miles maintains the AV Preeminent Rating by Martindale-Hubbell, their highest rating for both legal ability and ethics, and is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, is also a superb rated attorney by Avvo, and the only class action lawyer in Nashville with an Avvo rating of 10, their highest rating available. Awards: Member of the Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association (2017-2019); AV® Preeminent™ Rating by Martindale-Hubble® (2014-2019); PRR AV Preeminent Rating on Lawyers.com (2017 & 2019); The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability (Martindale-Hubble® 2015); Superb Rated Attorney (Avvo); Avvo Top Rated Lawyer for 2017 & 2018 (Avvo); America's Most Honored Professionals 2018 - Top 1% (The American Registry 2016-2018).
SOURCE: The Law Offices of Timothy L. Miles
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