June 11, 2020 - The court granted the defendants' motion to dismiss.

January 31, 2020 - A motion to dismiss the second amended complaint was filed.

December 25, 2019 - A second amended complaint was filed. September 18, 2019 - An amended complaint was filed.

April 11, 2019 - An investor in shares of Mueller Water Products, Inc. (NYSE: MWA) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Mueller Water Products, Inc. in connection with certain allegedly false and misleading statements made between May 9, 2016, and August 6, 2018.

Atlanta, GA based Mueller Water Products, Inc. manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally.

On April 27, 2017, in connection with its second quarter 2017 financial results, Mueller Water Products, Inc. disclosed that its radio products produced between 2011 and 2014 had been failing prematurely, resulting in a $9.8 million warranty charge. Shares of Mueller Water Products, Inc. declined to close at $11.25 per share on April 28, 2017.

Then, on August 6, 2018, in connection with its third quarter 2018 financial results, Mueller Water Products, Inc. reported a $14.1 million warranty charge. Shares of Mueller Water Products, Inc. declined $0.74 per share, or 6%, to close at $11.58 per share on August 7, 2018.

On November 5, 2018, Mueller Water Products, Inc. announced its financial results for its 2018 fourth quarter and fiscal year. Mueller Water Products, Inc. reported that its Total Revenue rose from $826 million for the 12 months period that ended on September 30, 2017 to as high as $916 million for the 12 months period that ended on September 30, 2018 and that its Net Income for those respective time periods declined from $123.3 million to $105.6 million. Shares of Mueller Water Products, Inc. (NYSE: MWA) declined from $12.55 per share in August 2018 to as low as $8.47 per share in December 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Mueller Water Products, Inc. (NYSE: MWA) common shares between May 9, 2016, and August 6, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between May 9, 2016, and August 6, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that the Company lacked adequate testing for product quality, that certain products with radio components were susceptible to fail prematurely, that, as a result, the Company was reasonably likely to incur increased expenses, including warranty costs, that these costs would materially impact the Company’s financial statements, that the Company lacked adequate internal controls over warranty costs and estimates, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.