On or around 11/12/2018 (Notice of voluntarily dismissal)
Filing Date: November 09, 2018
According to the Complaint, Welbilt is a commercial foodservice equipment company. Welbilt designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market.
The Complaint alleges that throughout the Class Period, Welbilt made materially false and/or misleading statements and/or failed to disclose that: (i) the Company lacked effective internal control over financial reporting; (ii) the Company was incorrectly recording the tax basis of foreign subsidiaries and the amortization of their intangible assets; and (iii) as a result of the foregoing, Defendants’ statements about Welbilt’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
This case was voluntarily dismissed on November 12, 2018.
Company & Securities Information
Defendant: Welbilt, Inc
Sector: Capital Goods
Industry: Misc. Capital Goods
Headquarters: United States
Ticker Symbol: WBT
Company Market: New York SE
Market Status: Public (Listed)
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