Lawsuit for Investors in Supreme Industries, Inc. (NYSE MKT:STS) Over Alleged Violations of Securities Laws Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / November 28, 2016 / The Shareholders Foundation, Inc. announces that a lawsuit was filed in the United States District Court for the Central District of California on behalf of certain purchasers of shares of Supreme Industries, Inc. (NYSE MKT: STS) over alleged Violations of Securities Laws by Supreme Industries.

Investors who purchased shares of Supreme Industries, Inc. (NYSE MKT: STS) have certain options and for certain investors there are short and strict deadlines running. Deadline: January 3, 2017. NYSE MKT:STS investors should contact the Shareholders Foundation by e-mail at mail@shareholdersfoundation.com or by telephone +1(858) 779 - 1554.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934. More specifically, the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the backlog figure from the third quarter of 2015 was a result of the timing of several large orders placed in that quarter, that the backlog figure for the third quarter of 2016 would not be close to the backlog figure of the third quarter of 2015, and that as a result, defendants' public statements about Supreme Industries' business, operations and prospects were materially false and misleading at all relevant times.

According to the complaint, following an October 21, 2016 press release, conference call, and report announcing that the lower backlog comparison is due to two large fleet replacement orders and the timing of an annual fleet account order received during the third quarter of last year and that the circumstances surrounding the backlog of the third quarter of 2015 was unique, the value of Supreme Industries, Inc. (NYSE MKT: STS) shares declined significantly.

Those who purchased Supreme Industries, Inc. (NYSE MKT: STS) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.