LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Toro Company (“Toro” or the “Company”) (NYSE: TTC) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On May 21, 2024, Jehoshaphat Research published a report alleging, among other things, that Toro “has borrowed revenues and earnings from the future by selling excessive product into its dealer channel” and that the Company “set up a cliff” its near-term operating cash flows worth $400 million or more.
On this news, Toro’s stock price fell $3.77, or 4.2%, to close at $86.23 per share on May 21, 2024, thereby injuring investors.
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If you purchased Toro securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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