logo

This website uses cookies to ensure you get the best experience on our website.

Read through our Privacy Policy to learn more.

 Go Back

DEADLINE MONDAY ALERT: The Schall Law Firm Encourages Investors in Schmitt Industries, Inc. with Losses of $100,000 to Contact the Firm

By AP News - Dec 07, 2022, 11:12 AM ET
Last Updated - Aug 02, 2024, 07:45 AM EDT
schmitt_building
According to the Complaint, the Company made false and misleading statements to the market. Schmitt continuously downplayed the extent of its serious failure to maintain internal controls. The Company's financial statements included "serious errors" beginning in August 2021. The Company would be forced to restate its previously filed financial statements for certain periods. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Schmitt, investors suffered damages

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Schmitt Industries, Inc. ("Schmitt" or "the Company") (NASDAQ: SMIT ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission

LOS ANGELES, CA / ACCESSWIRE / December 7, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Schmitt Industries, Inc. ("Schmitt" or "the Company") (NASDAQ: SMIT ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between September 1, 2020 and September 20, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before December 12, 2022.

Sponsored

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Schmitt continuously downplayed the extent of its serious failure to maintain internal controls. The Company's financial statements included "serious errors" beginning in August 2021. The Company would be forced to restate its previously filed financial statements for certain periods. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Schmitt, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

Office: 310-301-3335

Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250415