ATLANTA, GA – – (ACCESSWIRE – October 18, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Schmitt Industries, Inc. (“Schmitt Industries” or the “Company”) (NASDAQ: SMIT). The lawsuit alleges Schmitt Industries made materially false and misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, including: (1) Schmitt Industries continuously downplayed its serious issues with internal controls; (2) Schmitt Industries’ financial statements from August 31, 2021 to the present included “certain errors”; (3) as a result, Schmitt Industries would need to restate its previously filed financial statements for certain periods.
If you bought shares of Schmitt Industries between September 1, 2020 and September 20, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at email@example.com or Joshua Karr, Esq. at firstname.lastname@example.org, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/schmitt-industries/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is December 12, 2022.
Lead Plaintiff Deadline Has Passed
December 12, 2022