Investors who lost over $100,000 with shares of Schmitt Industries, Inc. (NASDAQ: SMIT) should contact the Shareholders Foundation in connection with the Lawsuit against Schmitt Industries, Inc.

SAN DIEGO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Schmitt Industries, Inc. SMIT.

Investors who purchased in excess of $100,000 in shares of Schmitt Industries, Inc. SMIT have certain options and there are short and strict deadlines running. Deadline: December 12, 2022. Those NASDAQ: SMIT investors should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

On October 11, 2022, a lawsuit was filed against Schmitt Industries, Inc. over alleged Securities Laws Violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Schmitt Industries continuously downplayed its serious issues with internal controls, that Schmitt Industries' financial statements from August 31, 2021 to the present included "certain errors", that as a result, Schmitt Industries would need to restate its previously filed financial statements for certain periods, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased Schmitt Industries, Inc. SMIT shares should contact the Shareholders Foundation, Inc.

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

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. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.


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