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Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Mueller Water Products, Inc.

BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24MWA&src=ctag" target="_blank"gt;$MWAlt;/agt; lt;a href="https://twitter.com/hashtag/classaction?src=hash" target="_blank"gt;#classactionlt;/agt;–Law Offices of Howard G. Smith reminds investors of the upcoming June
10, 2019 
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased Mueller Water
Products, Inc. (“Mueller Water Products” or the “Company”) (NYSE: MWA)
securities between May 9, 2016 and August 6, 2018, inclusive (the
“Class Period”).

Investors suffering losses on their Mueller Water Products investments
are encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to [email protected].

On April 27, 2017, in connection with its second quarter 2017 financial
results, the Company 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, the Company’s share price fell $1.43 per share, more than
11%, to close at $11.25 per share on April 28, 2017, thereby injuring
investors.

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, the Company’s share price fell $0.74 per share, or 6%, to
close at $11.58 per share on August 7, 2018, thereby injuring investors
further.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made false and/or misleading statements, as
well as failed to disclose material adverse facts about the Company’s
business, operations, and prospects. Specifically, Defendants made false
and/or misleading statements and/or failed to disclose: (1) that the
Company lacked adequate testing for product quality; (2) that certain
products with radio components were susceptible to fail prematurely; (3)
that, as a result, the Company was reasonably likely to incur increased
expenses, including warranty costs; (4) that these costs would
materially impact the Company’s financial statements; (5) that the
Company lacked adequate internal controls over warranty costs and
estimates; and (6) that, 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 purchased shares of Mueller Water Products during the Class
Period you may move the Court no later than June 10, 2019 to
ask the Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the class action you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the class action. If you wish
to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to [email protected],
or visit our website at www.howardsmithlaw.com.

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

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com

leverton

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