On or around 09/24/2019 (Other)
Filing Date: November 04, 2016
According to the law firm press release, the lawsuit alleges throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) the backlog figure from the third quarter of 2015 was a result of the timing of several large orders placed in that quarter; (2) the backlog figure for the third quarter of 2016 would not be close to the backlog figure of the third quarter of 2015; and (3) as a result, Defendants’ public statements about Supreme Industries’ business, operations and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damage.
On January 31, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel.
This case was transferred to the Northern District of Indiana on February 21, 2017. On April 24, Lead Plaintiff filed an amended Complaint. On June 8, Defendants filed a Motion to Dismiss the amended Complaint. On May 23, 2018, the Court issued an Order granting Defendants' Motion to Dismiss. Lead Plaintiff was given leave to file an amended Complaint. Lead Plaintiff filed a second amended Complaint on July 13. Defendants filed a Motion to Dismiss the second amended Complaint on August 24. On March 29, the Court issued an Order granting Defendants' Motion to Dismiss and dismissed the case with prejudice. On April 29, Lead Plaintiff filed a Notice appealing the Court's Dismissal Order. Lead Plaintiff dismissed the appeal, and on September 24, the Court of Appeals ordered the case dismissed.
Company & Securities Information
Defendant: Supreme Industries, Inc.
Sector: Consumer Cyclical
Industry: Auto & Truck Manufacturers
Headquarters: United States
Ticker Symbol: STS
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
Andrew Leibs, et al. v. Supreme Industries, Inc., et al.