ATLANTA, GA – – (Businesswire – May 28, 2019) – – Holzer & Holzer, LLC announces that a class action lawsuit has been filed on behalf of investors who purchased A.O. Smith Corporation (“A.O. Smith” or the “Company”) (NYSE: AOS) common stock between July 26, 2016 and May 16, 2019. The case alleges that the Company, and certain of its executive officers, misrepresented and/or failed to disclose that:  (1) A.O. Smith had business connections with Jiangsu UTP Supply Chain (“UTP”); (2) A.O. Smith had used UTP to engage in channel stuffing; (3) A.O. Smith had used its UTP relationship to artificially inflate the sales figures it reported to investors and to conceal worsening sales trends that A.O. Smith was experiencing in China; (4) A.O. Smith’s sales growth had been primarily in lower margin products as its higher priced products were being undercut by competition in “second-tier” Chinese cities, causing the Company to experience significant market pressures; (5) A.O. Smith had increased its cash reserves in China to over $530 million in furtherance of its channel stuffing and sales manipulation scheme; and (6) as a result, A.O. Smith’s public statements were materially false and misleading at all relevant times. The price of A.O. Smith stock declined significantly following the news. If you purchased A.O. Smith common stock July 26, 2016 and May 16, 2019 and suffered losses on that investment, you are encouraged to visit the firm’s website at www.holzerlaw.com to receive additional information about your legal rights. You can also contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Marshall P. Dees, Esq. at mdees@holzerlaw.com, or call the firm by toll-free telephone at (888) 508-6832 for more information. The deadline to move for appointment as lead plaintiff is July 29, 2019.

Provide Your Information To Take Action

  • Plaintiff Certifies That:
    1. Plaintiff has reviewed the complaint and authorized its filing.
    2. Plaintiff did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal securities laws.
    3. Plaintiff is willing to serve as a representative party on behalf of a class, including providing testimony at deposition and trial, if necessary.
    4. Plaintiff represents and warrants that he/she/it is fully authorized to enter into and execute this certification.
    5. Plaintiff will not accept any payment for serving as a representative party on behalf of a class beyond the Plaintiff's pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    6. Plaintiff has made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Date PurchasedNumber of Shares AcquiredAcquisition Price Per Share 
  • Date SoldNumber of Shares SoldSelling Price Per Share 
  • Signed pursuant to the Uniform Electronic Transactions act as adopted by the various states and territories of the United States.
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