Schmitt Industries, Inc. (SMIT) Equity Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Class Action Against Schmitt Industries, Inc.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Schmitt.
- What Now: Similarly situated shareholders may be eligible to participate in the class action against Schmitt.
- Shareholders who want to be appointed lead plaintiff for the class must file their papers by December 12, 2022.
- A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
- On September 20, 2022, Schmitt announced it would restate its financial statements from August 31, 2021 to the present, and expected to report at least one material weakness.