Newsfile Corp
27 Jul 2026, 13:42 UTC · 2h ago
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Badger Meter (BMI) is facing a federal securities class action lawsuit alleging that executives made false and misleading statements regarding demand and growth prospects. — Securities class actions create significant legal liability, potential settlement costs, and damage corporate reputation.
-0.60The lawsuit claims the company concealed unsustainable financial results, citing a 6% decline in utility water sales and missed revenue and earnings targets in 2025 and 2026. — Specific allegations of declining core sales and missing estimates suggest fundamental weaknesses in the company's growth trajectory.
-0.40Which stocks this story touches
The company is facing a federal securities class action lawsuit alleging fraud and misleading statements regarding its financial health and growth.
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GlobeNewsWire
2h ago
