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MBUU.US

id: 1208

Malibu Boats (MBI) $7.8M Investor Settlement

Late claims are being considered for compensation, subject to approval.

$7,800,000

Cash Settlement

S.D. New York

Court

1:24-cv-03254

Case number

11/04/2022

Class period Start

05/01/2024

Class period End

02/14/2026

Claim deadline

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.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.77

Filing date

04/29/2024

Plaintiffs

Seongjae Yoon

Attorneys

Glancy Prongay & Murray LLP (New York, NY), The Law Offices of Frank R. Cruz (Century City, CA)

Defendants

Jack Springer, Bruce Beckman, David Black, Wayne Wilson

Judge

Hon. Lorna G. Schofield

Administrator

A.B. Data Ltd

Settlement agreement date

2025-07-31

Court hearing date

01/27/2026

Exclusion deadline

01/06/2026

Objection deadline

01/06/2026

Attorney fee

$2,490,000

Trades matching type

FIFO

Frequently Asked Questions

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