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Case Status:    ONGOING    
On or around 10/03/2019 (Ongoing date of last review)

Filing Date: April 11, 2019

According to the Complaint, Mueller Water Products operates in two business segments: Infrastructure and Technologies. Infrastructure, formerly known as Mueller Co., manufactures valves for water and gas systems, fire hydrants, and a broad line of pipe repair products. Technologies, formerly known as Mueller Technologies, offers residential and commercial water metering, water leak detection, and pipe condition assessment products.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company lacked adequate testing for product quality; (2) that certain products with radio components were susceptible to fail prematurely; (3) that, as a result, the Company was reasonably likely to incur increased expenses, including warranty costs; (4) that these costs would materially impact the Company’s financial statements; (5) that the Company lacked adequate internal controls over warranty costs and estimates; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On June 27, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on September 18.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Constr. - Supplies & Fixtures
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MWA
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: S.D. New York
DOCKET #: 19-CV-03260
JUDGE: Hon. Katherine Polk Failla
DATE FILED: 04/11/2019
CLASS PERIOD START: 05/09/2016
CLASS PERIOD END: 08/06/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP (New York)
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 19-CV-03260
JUDGE: Hon. Katherine Polk Failla
DATE FILED: 09/18/2019
CLASS PERIOD START: 05/09/2016
CLASS PERIOD END: 08/06/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
—Related District Court Filings Data is not available