Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Supreme Industries, Inc. (STS)

NEW YORK, Nov. 07, 2016 -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Supreme Industries, Inc. (“Supreme Industries” or the “Company”) (NYSE:STS) in the United States District Court for the Central District of California on behalf of purchasers of common stock of Supreme Industries between July 22, 2016 and October 21, 2016, inclusive (the “Class Period”).

According to the Complaint, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the backlog figure from the third quarter of 2015 was a result of the timing of several large orders placed in that quarter; (ii) the backlog figure for the third quarter of 2016 would not be close to the backlog figure of the third quarter of 2015; and (iii) as a result, Defendants’ public statements about Supreme Industries’ business, operations and prospects were materially false and misleading at all relevant times. When the true details entered the market, the Complaint claims that investors suffered damage.

If you wish to serve as lead plaintiff, you must move the Court no later than January 3, 2017.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected].

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