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Investigations  /  04.12.2019

Shareholder Investigation of Mueller Water Products, Inc.

Mueller Water Products, Inc. (MWA) Accused of Misleading Investors Regarding Product Quality

According to the complaint against Mueller Water Products, Inc. (NYSE: MWA) for alleged violations of the Securities Exchange Act of 1934 between May 9, 2016 and August 6, 2018, in connection with its second quarter 2017 financial results, Mueller disclosed that its radio products produced between 2011 and 2014 had been failing prematurely, resulting in a $9.8 million warranty charge. On this news, Mueller’s share price fell more than 11% to close at $11.25 per share on April 28, 2017. Then, on August 6, 2018, in connection with its third quarter 2018 financial results, the Company reported a $14.1 million warranty charge. On this news, Muellers’s share price fell 6% to close at $11.58 per share on August 7, 2018, and continues to trade below the class period high.

Mueller Water Products, Inc. (MWA) Shareholders Have Legal Options

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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