Select Page

Weber Class Action Lawsuit WEBR | Deadline September 27, 2022

Weber Class Action Lawsuit (WEBR Lawsuit)

The Gross Law Firm notifies investors that a class action (Weber Class Action Lawsuit) has commenced in the United States District Court for the Northern District of Illinois on behalf of shareholders of Weber Inc. (WEBR) who purchased Weber Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s August 2021 initial public offering.

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that:

(1) WEBR was reasonably likely to implement price increases; (2) as a result, consumer demand for WEBR’s products was reasonably likely to decrease; (3) due to the resulting inventory buildup, WEBR was reasonably likely to run promotions to “enhance retail sell through”; (4) the foregoing would adversely impact WEBR’s financial results; and (5) 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.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.

Shareholders have until September 27, 2022 to request that the court appoint them lead plaintiff.

Weber Class Action

The deadline to submit a lead plaintiff motion in a securities class action lawsuit that has been started on behalf of investors who bought or otherwise acquired the Class A common stock of Weber Inc. (“Weber” or the “Company”) (NYSE: WEBR) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Regis”) has passed. Bernstein Liebhard LLP, a nationally renowned investor rights law firm, reminds investors of this deadline. The Securities Exchange Act of 1933 is allegedly being violated, and the action was brought in the United States District Court for the Northern District of Illinois.

Weber Lawsuit

The Registration Statement allegedly contained materially false and/or misleading representations regarding the Company’s operations, business, and prospects, according to the complaint filed in this class action lawsuit. Specifically, Defendants failed to inform investors that Weber was reasonably likely to implement price increases; that as a result, consumer demand for Weber’s products was reasonably likely to decrease; that as a result, Weber was reasonably likely to run promotions to “enhance retail sell through”; that the foregoing would negatively impact Weber’s financial results; and that, as a result of the foregoing, Defendan would be negatively impacted.

WEBR Class Action Lawsuit

A family-run company called Weber-Stephens Products Company (Weber-Stephens) creates parts and accessories for gas and charcoal barbecues. ARB claimed that starting in at least 2003, Weber-Stephens offered for sale, sold, or supplied Weber original lighter cubes products in California without obtaining the appropriate ARB certification or displaying the date of manufacture as required by the Consumer Products Regulation’s “Charcoal Lighter Material” category. Despite Weber-assertion Stephens’s that the device had previously been certified under a different name, they had neglected to update its certification to take these modifications into account. On June 6, 2008, Weber-Stephen agreed to a $7,500 payment in lieu of going to court for the infractions.

WEBR Class Action

The case has been filed in the Northern District of Illinois’ United States District Court on behalf of Weber investors. On behalf of those who bought or otherwise acquired Weber Class A common stock in accordance with and/or traceable to the registration statement and prospectus released in connection with the Company’s initial public offering in August 2021, this complaint has been filed.

WEBR Lawsuit

A class action lawsuit against Weber, Inc. (WEBR) claims that the company made materially false and/or misleading statements and/or failed to disclose that: (1) WEBR was reasonably likely to implement price increases; (2) as a result, consumer demand for WEBR’s products was reasonably likely to decrease; (3) as a result of the resulting inventory buildup, WEBR was reasonably likely to run promotions to “enhance retail sell through”; and (4) the predicted decline in consumer demand for WEBR’s products.

WEBR stock

The outdoor cooking company Weber Inc. The company offers goods for outdoor cooking through a subsidiary. Outdoor products made by the company, such as gas grills, charcoal grills, wood pellet grills, electric barbecues, smokers, grilling accessories, and solid fuel items like charcoal briquettes, lump charcoal, pellets, and wood chips and chunks. Products are offered in the US, Germany, Australia, Canada, and France. The business also offers Weber Connect, a platform that combines a grill with technology, a smartphone app, and a cloud-based infrastructure. The business markets through an omni-channel network made up of wholesale, direct-to-consumer, and online channels. The company has 170 retail stores under the Weber brand and Weber Grill Academy locations. Its product line is offered in about 78 different nations.

To receive more information, please fill out the form.

Weber Inc. (WEBR) Class Action Lawsuit
Weber Inc. (WEBR) Lawsuit
WEBR Class Action Lawsuit
WEBR Lawsuit
Weber Inc. (WEBR) Class Action Lawsuit
Weber Class Action Lawsuit,
Weber Class Action,
Weber Lawsuit,
WEBR Class Action Lawsuit,
WEBR Class Action,
WEBR Lawsuit,
WEBR Stock