Thieler Law Corp advises investors with losses exceeding $100,000 of the June 10, 2019 lead plaintiff deadline in a class action lawsuit filed against Mueller Water Products Inc (NYSE: MWA) (“Mueller” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Mueller Water Products Inc securities between May 9, 2016, and August 6, 2018, have until June 10, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Mueller Water Products Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Mueller lacked adequate testing for product quality; certain products with radio components were susceptible to fail prematurely; as a result, Mueller was reasonably likely to incur increased expenses, including warranty costs; these costs would materially impact Mueller’s financial statements; Mueller lacked adequate internal controls over warranty costs and estimates; and as a result of the foregoing, Mueller’s public statements were materially false and misleading at all relevant times.

On April 27, 2017, the Company issued a press release entitled “Mueller Water Products Reports 2017 Second Quarter Results.” The Company revealed that certain of Mueller Technologies’ products had been failing prematurely, resulting in a $9.8 million warranty charge.  

Following this news, NYSE: MWA fell $1.43 per share, more than 11%, to close at $11.25 per share on April 28, 2017.

If you were negatively impacted by your investment in Mueller Water Products Inc securities between May 9, 2016, and August 6, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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