Processing your request


please wait...

Case Page

 

Case Status:    ONGOING    
On or around 02/06/2020 (Date of last review)

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. A related case continues under Docket 18-CV-03007.

On July 3, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on August 19. Defendants filed a Motion to Dismiss the amended Complaint on October 17. On February 6, 2020, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Misc. Capital Goods
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: WBT
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.
COURT: M.D. Florida
DOCKET #: 18-CV-02757
JUDGE: Hon. William F. Jung
DATE FILED: 11/09/2018
CLASS PERIOD START: 02/24/2017
CLASS PERIOD END: 11/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cullin O'Brien Law, P.A.
  2. Levi & Korsinsky, LLP
No Document Title Filing Date
COURT: M.D. Florida
DOCKET #: 18-CV-03007
JUDGE: Hon. William F. Jung
DATE FILED: 08/19/2019
CLASS PERIOD START: 02/24/2017
CLASS PERIOD END: 11/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Tomchin & Odom, PA
    6816 Southpoint Pkwy Suite 400, Tomchin & Odom, PA, FL 32216
    904.353.6888 904.353.0188 ·
  2. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date
—Related District Court Filings Data is not available