Saxena White P.A. is pleased to announce that on August 15, 2024, the United States District Court for the Southern District of New York appointed the Retiree Benefit Trust of the City of Baltimore as Lead Plaintiff and Saxena White P.A. as Lead Counsel.

The action alleges that Malibu Boats engaged in a scheme to pump $100 million of its highest priced inventory to dealer Tommy’s Boats to artificially inflate its own sales performance, faced increasing risk of litigation from its dealers, and misled investors regarding the company’s financial condition.