What happened. — The lawsuit alleges that Badger Meter misled the market throughout 2024 and early 2025 by promising high single-digit growth and denying the existence of order pull-forward practices. When the company finally reported a 9% year-over-year revenue decline in the first quarter of 2026, shares plummeted by $36.75. Management eventually acknowledged that previously reported demand was buoyed by backlog projects, masking underlying volatility.
Why it matters. — The complaint contends that the company’s record results during the class period were inflated by pulling forward future orders to meet growth targets. Joseph E. Levi, Esq., representing the plaintiffs, argues that the stark contrast between public performance assurances and the eventual financial reality warrants judicial scrutiny. Investors who purchased BMI stock between April 18, 2024, and April 16, 2026, may be eligible to recover losses, regardless of whether they currently hold the shares.
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