On or around 09/07/2010 (Notice of voluntarily dismissal)
Filing Date: June 25, 2010
According to a press release dated June 25, 2010, On June 10, 2010 at 12:13 PM Eastern Daylight Time, Thor issued a press release in which it announced that it was delaying the release of the Company's 10-Q due to their evaluation of certain accounting positions previously taken in its audited financial statements. If the Company is required to change its accounting for these items, there could be material adverse changes to Thor's results of operations and financial condition for fiscal 2009 and for the first three quarters of fiscal 2010. The price of Thor common stock was trading at $28.39 per share prior to the release of the news, and traded as low as $20.74 per share after the news was revealed – a precipitous decline of approximately 27%.
On September 7, 2010, Plaintiff Teamsters Allied Benefit Funds dismissed this action without prejudice against the defendants. The case is now closed.
Company & Securities Information
Defendant: Thor Industries, Inc.
Sector: Capital Goods
Industry: Mobile Homes & RVs
Headquarters: United States
Ticker Symbol: THO
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Teamsters Allied Benefit Funds , et al. v. Thor Industries, Inc., et al.