Malibu Boats (MBI) $7.8M Investor Settlement
Malibu Boats ($MBI) has agreed to settle $7.8M with investors over claims it misled the market on inventory management and dealer network strength during the post-COVID.
Outline:
Malibu Boats made statements about demand stability and dealer inventory management in the recreational boating market. Investors later alleged the company failed to disclose weakening dealer conditions and rising inventories. In early 2024, disclosures about dealer health and market conditions contributed to sharp stock declines. Investors filed suit and Malibu Boats later agreed to a $7.8 million settlement.
Timeline:
November 4, 2022: Malibu Boats stated it was managing dealer inventories well and that boating demand remained strong.
January 30, 2024 – May 2, 2024: A series of disclosures revealed weakening dealer conditions and rising inventories, contributing to stock price declines.
April 29, 2024: Investors filed a securities class action alleging misleading statements about inventory conditions and business resilience.
May 16, 2025: The parties reached a $7.8 million settlement.
Background:
Malibu Boats is a manufacturer of recreational powerboats that sells its products through a network of independent dealers. During the post-pandemic period, the recreational boating industry began to experience shifts in demand as market conditions normalized.
The company told investors that demand remained stable and that its dealer inventory levels were well managed. Investors later alleged that inventories at third-party dealers were rising and that the company did not fully disclose the extent of weakening market conditions.
In early 2024, Malibu Boats issued a series of disclosures that raised concerns about dealer health and the state of the recreational boating market. These announcements contributed to multiple declines in $MBI’s stock price.
Investors later filed a securities class action alleging the company’s earlier statements about dealer inventory and business resilience were misleading. Malibu Boats denied wrongdoing but agreed to a $7.8 million settlement to resolve the claims.
What Can Investors Expect Now?
Malibu Boats agreed to a $7.8 million settlement with $MBI investors to resolve claims that it misled them about dealer inventory levels and the strength of its dealer network.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities who purchased or otherwise acquired Malibu Boats, Inc. (“MBI”) common stock, call options, or sold (wrote) put options between November 4, 2022, and May 1, 2024, inclusive, and were damaged thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $0.77 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $3.08 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.