AO Smith Shareholder Alert: Class Action Lawsuit Filed Against A.O. Smith Corporation (AOS)

BOSTON, June 21, 2019 /PRNewswire/ -- Thornton Law Firm LLP and F.D. Azar & Associates are investigating a securities class action lawsuit filed against A.O. Smith Corporation (NYSE: AOS) on behalf of AOS shareholders. AO Smith investors who have purchased at least 500 shares of AOS stock since July 2016 and are interested to learn more about the case are encouraged to contact the Thornton Law Firm at [e-mail], or call 844-241-9475.

Interested shareholders have until July 27, 2019 to apply to be lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The lawsuit alleges that A.O. Smith manipulated its sales and earnings data in the critical Chinese market and masked the slowdown of its Chinese growth by "channel stuffing" unsold inventory through a distribution partner. A.O. Smith allegedly also misrepresented the availability of cash balances totaling $539 million, instead using these funds as loans to prop up the scheme. While A.O. Smith allegedly utilized these nefarious practices to create the illusion of Chinese sales, it touted "record" earnings across the key Asian market. It is alleged that as a result of this news becoming public, AOS stock declined over 6%. The lawsuit seeks to recover this loss for shareholders who purchased during the Class Period.

If you have purchased at least 500 shares of AO Smith stock (NYSE: AOS), you may have a claim for damages and you may be eligible to seek a position in the case as a lead plaintiff. Please contact the Thornton Law Firm's shareholder rights team at [e-mail], or call 844-241-9475.

Thornton Law Firm and F.D. Azar & Associate's securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. They have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Thornton Law Firm LLP

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