Investigation on behalf of investors in Thor Industries, Inc. (NYSE:THO) securities over possible violations of Federal Securities L by Thor Industries was announced.

Thor Industries, Inc., located in Jackson Center, Ohio, is engaged in manufacturing and selling a range of recreation vehicles, and small and mid-size buses in the United States and Canada. Thor Industries, Inc. reported in 2007 Total Revenue of $2.85631billion, in 2008 $2.64068billion, and in 2009 $1.5219billion.

According to the investigation by a law firm the investigation on behalf of Thor Industries focuses on the June 10, 2010 disclosure that Thor Industries, Inc. was postponing the filing of its quarterly report for the period ended April 30, 2010 due to its independent auditor's evaluation of certain accounting positions taken by Thor Industries, Inc. in its fiscal year 2009 and quarterly periods ended January 31, 2009, April 30, 2009, October 31, 2009 and January 31, 2010. Specifically, the auditor 'is addressing issues relating to the accounting treatment for (a) the Company's transactions with Stephen Adams and FreedomRoads that were consummated in January 2009, and (b) repurchase reserves relating to agreements with lenders to the Company's independent dealers and revenue recognition issues with respect to transactions with its independent dealers.' Consequently, Thor Industries, Inc. may have to restate reported financial statements for fiscal 2009 and for the first three quarters of fiscal 2010. As a result of this revelation, so the investigation, Thor Industries, Inc. securities (THO) declined more than 6% or $1.82 on June 10, 2010. Shares of Thor Industries, Inc. (THO) traded recently at $25.56 per share, down from its 52weekHigh of $36.85 per share, $51.44 per share in 2007, and $55.66 per share in 2006.