|Company name||A. O. Smith Corporation|
NEW YORK, June 14, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against A. O. Smith Corporation (NYSE: AOS) on behalf of AOS stockholders. Our investigation concerns whether AOS has violated the federal securities laws and/or engaged in other unlawful business practices.
On May 16, 2019, J Capital published a report addressing AOS, asserting that AOS “has handed its China business over to a Chinese company without disclosing this to investors.” J Capital further alleged that AOS “[f]ailed to disclose the sharp decline under way in China, where sales will fall 16-21% this year”, “[o]ver-reported sales and under-reported inventory since at least 2015”, and “has major governance problems both inside and outside China.”
On this news, AOS’s stock price fell by more than 9%, closing at $45.12 on May 16, 2019.
If you purchased or otherwise acquired AOS shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.