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 lesley@portnoylaw.com 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.
Please visit our website for more information and to submit your transaction information.
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
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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