LOS ANGELES, Dec. 07, 2022 (GLOBE NEWSWIRE) — Portnoy Law Firm has announced that a class action lawsuit has been filed against investors in Schmitt Industries, Inc. (“Schmitt” or the “Company”) (NASDAQ: SMIT) will notify you. Investor. Schmitt investors who suffer a loss on their investment are encouraged to contact Esq. Lesley Portnoy.
Investors are encouraged to contact attorney Lesley F. Portnoy at 844-767-8529 or email firstname.lastname@example.org to discuss their legal rights. Portnoy Law Firm offers a free case evaluation and can discuss an investor’s options for pursuing a claim to recover losses.
The Complaint alleges that throughout Class, Defendant made false and/or misleading statements and/or failed to disclose: (2) Schmitt Industries’ financial statements from August 31, 2021 to present contained “certain errors.” (3) As a result, Schmitt Industries is required to restate its previously filed financial statements for a period of time. (4) Consequently, Defendant’s statements regarding its business, operations, and prospects were, at all relevant times, materially false, misleading, and/or lacking reasonable basis; The lawsuit alleges that investors suffered damages when the true details entered the market.
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Portnoy Law Firm represents investors pursuing claims arising from corporate misconduct. A founding partner of the company, he recovered more than $5.5 billion for the victims of the investor. Advertisement for lawyers. Previous results are no guarantee of similar results.
Lesley F. Portnoy, Esq.
Certified CA and NY bar