{"id":714522,"date":"2022-11-22T18:27:06","date_gmt":"2022-11-22T23:27:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/smit-investors-have-opportunity-to-lead-schmitt-industries-inc-securities-fraud-lawsuit-5\/"},"modified":"2022-11-22T18:27:06","modified_gmt":"2022-11-22T23:27:06","slug":"smit-investors-have-opportunity-to-lead-schmitt-industries-inc-securities-fraud-lawsuit-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/smit-investors-have-opportunity-to-lead-schmitt-industries-inc-securities-fraud-lawsuit-5\/","title":{"rendered":"SMIT Investors Have Opportunity to Lead Schmitt Industries, Inc. Securities Fraud Lawsuit"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n BENSALEM, Pa.<\/span>
\n <\/span>, Nov. 22, 2022<\/span><\/span> \/PRNewswire\/ — Law Offices of Howard G. Smith<\/span> announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Schmitt Industries, Inc. (“Schmitt” or the “Company”) (NASDAQ: SMIT<\/a>).<\/p>\n

\n Class Period: <\/b>
\n September 1, 2020<\/span> \u2013 September 20, 2022<\/span>
Lead Plaintiff Deadline:<\/b>December 12, 2022<\/span><\/p>\n

Investors suffering losses on their Schmitt investments are encouraged to contact the Law Offices of Howard G. Smith<\/span> to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com<\/a>.<\/p>\n

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors\u00a0that: (1) Schmitt continuously downplayed its serious issues with internal controls; (2) Schmitt’s financial statements from August 31, 2021<\/span> to the present included “certain errors”; (3) as a result, Schmitt would need to restate its previously filed financial statements for certain periods; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire<\/span>, of Law Offices of Howard G. Smith<\/span>, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania<\/span> 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0howardsmith@howardsmithlaw.com<\/a>, or visit our website at www.howardsmithlaw.com<\/a>.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

\n Contacts
<\/b>Law Offices of Howard G. Smith<\/span>
Howard G. Smith, Esquire<\/span>
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com<\/a>
www.howardsmithlaw.com<\/a><\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/smit-investors-have-opportunity-to-lead-schmitt-industries-inc-securities-fraud-lawsuit-301685605.html<\/a><\/p>\n

SOURCE Law Offices of Howard G. Smith<\/span><\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BENSALEM, Pa. , Nov. 22, 2022 \/PRNewswire\/ — Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Schmitt Industries, Inc. (“Schmitt” or the “Company”) (NASDAQ: SMIT). Class Period: September 1, 2020 \u2013 September 20, 2022Lead Plaintiff Deadline:December 12, 2022 Investors suffering losses on their Schmitt investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors\u00a0that: (1) Schmitt continuously downplayed its serious issues with internal controls; (2) Schmitt’s financial statements from August … <\/p>\n

Continue reading “SMIT Investors Have Opportunity to Lead Schmitt Industries, Inc. Securities Fraud Lawsuit”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-714522","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSMIT Investors Have Opportunity to Lead Schmitt Industries, Inc. Securities Fraud Lawsuit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smit-investors-have-opportunity-to-lead-schmitt-industries-inc-securities-fraud-lawsuit-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMIT Investors Have Opportunity to Lead Schmitt Industries, Inc. Securities Fraud Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BENSALEM, Pa. , Nov. 22, 2022 \/PRNewswire\/ — Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Schmitt Industries, Inc. (“Schmitt” or the “Company”) (NASDAQ: SMIT). Class Period: September 1, 2020 \u2013 September 20, 2022Lead Plaintiff Deadline:December 12, 2022 Investors suffering losses on their Schmitt investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors\u00a0that: (1) Schmitt continuously downplayed its serious issues with internal controls; (2) Schmitt’s financial statements from August … Continue reading "SMIT Investors Have Opportunity to Lead Schmitt Industries, Inc. 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