NEW YORK, Aug. 10, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Weber Inc. (“Weber” or the “Company”) WEBR. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Weber and certain of its officers and/or directors engaged in securities fraud or other illegal business practices.

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On or about August 6, 2021, Weber conducted its initial public offering (“IPO”), selling approximately 17,857,143 Class A common shares at a price of $14.00 per share. Then, on July 25, 2022, Weber reported its preliminary financial results for the third quarter of 2022, including net sales of between $525 million and $530 million.[p]Profitability was negatively impacted by “several factors, including “promotional efforts to increase retail sales.” Weber also announced that Chris Scherzinger is “resigning” from his roles as the company’s chief executive officer and director. Since the company’s IPO, the stock price has fallen sharply, hurting investors.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980