NEW YORK, NY / ACCESSWIRE / August 14, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Weber Inc. (''Weber' or the 'Company') (NYSE: WEBR). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

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

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On or around August 6, 2021, Weber conducted its initial public offering ('IPO), selling approximately 17,857,143 shares of Class A common stock priced at $14.00 per share. Then, on July 25, 2022, Weber announced its preliminary third quarter 2022 financial results, including net sales between $525 million and $530 million. Weber advised investors that it expected to report a net loss, noting that '[p]rofitability was negatively impacted by' several factors, including 'promotional activity to enhance retail sell through.' Additionally, Weber announced that Chris Scherzinger 'is departing' from his roles as Chief Executive Officer and director of the Company. Since the IPO, the Company's stock price has fallen sharply, damaging investors.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

SOURCE: Pomerantz LLP