Winnebago Industries Faces Securities Investigation Amid Allegations of Misleading Public Information
New York, NY - November 10, 2024 - The Rosen Law Firm, a globally recognized investor rights law firm, has announced an ongoing investigation into Winnebago Industries, Inc. (NYSE: WGO) over potential securities claims stemming from allegations that the company may have provided misleading business information to investors.
The scrutiny follows a report by Hunterbrook Media on September 23, 2024, titled “‘Grand Deception’ - Winnebago Muzzles Outcry Over Major Problem That Owners Say Makes RVs Dangerous, Untowable, Worthless.” The article highlighted significant issues with Winnebago’s best-selling Grand Design RVs, alleging that thousands of units, sold for over a billion dollars, were experiencing frame failures. These defects not only posed safety hazards but also rendered some RVs unroadworthy. The report further accused Winnebago of employing non-disclosure agreements (NDAs), buybacks, and online censorship to suppress complaints regarding these frame failures.
Following the release of the Hunterbrook Media article, Winnebago Industries' stock price took a notable hit, dropping $1.35 per share or 2.28%, closing at $57.76 on September 23, 2024.
Investor Action
Investors who have purchased Winnebago securities are urged to explore their legal options. The Rosen Law Firm is offering representation on a contingency fee basis, ensuring no financial burden on shareholders for court costs or litigation expenses. Interested parties can submit their information at rosenlegal.com.
Why Choose Rosen Law Firm?
The Rosen Law Firm is distinguished by its track record in securities class actions and shareholder derivative litigation, having secured the largest ever settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements since 2013. The firm's founding partner, Laurence Rosen, was recognized by law360 as a Titan of Plaintiffs’ Bar in 2020.
For further details on the firm and its legal team, visit rosenlegal.com. Investors can also follow updates via LinkedIn, Twitter, and Facebook.
Contact Information:
- Laurence Rosen, Esq.
- Phillip Kim, Esq.
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