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Malibu Boats, Inc.

Company NameMalibu Boats, Inc.
Stock SymbolMBUU

On April 11, 2024, Malibu disclosed that a complaint had been filed against the Company alleging that it had breached its obligations under dealerships agreements with Tommy’s Boats, and engaged in a scheme to over manufacture and pump nearly $100 million of its highest priced, highest margin, slow moving boat inventory into fifteen Tommy’s Boats dealerships in order to artificially inflate Malibu’s sales performance.

On this news, Malibu’s stock price fell $3.34, or 8%, to close at $38.48 per share on April 12, 2024, thereby injuring investors.

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