BOCA RATON, FL--(Marketwire - June 25, 2010) - In a class action filed today, Thor Industries, Inc. ("Thor" or the "Company") (
Saxena White P.A. commenced the class action on behalf of an institutional investor in the United States District Court for the Southern District of Ohio on behalf of all persons or entities who purchased shares of Thor common stock between November 30, 2009 and June 10, 2010 at 12:13 PM Eastern Daylight Time, inclusive (the "Class Period").
On June 10, 2010 at 12:13 PM Eastern Daylight Time, Thor issued a press release in which it announced that it was delaying the release of the Company's 10-Q due to their evaluation of certain accounting positions previously taken in its audited financial statements. If the Company is required to change its accounting for these items, there could be material adverse changes to Thor's results of operations and financial condition for fiscal 2009 and for the first three quarters of fiscal 2010. The price of Thor common stock was trading at $28.39 per share prior to the release of the news, and traded as low as $20.74 per share after the news was revealed -- a precipitous decline of approximately 27%.
You may obtain a copy of the complaint and join the class action at www.saxenawhite.com. If you purchased Thor stock between November 30, 2009 and June 10, 2010 at 12:13 PM Eastern Daylight Time, inclusive, you may contact Joe White or Greg Stone at Saxena White P.A. to discuss your rights and interests:
If you purchased Thor shares in the Class Period, and wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the Court no later than August 24, 2010. You may contact Saxena White P.A. to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.
Saxena White P.A., which has offices in Boca Raton, Boston and Helena, Montana, specializes in prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered hundreds of millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.
Contact Information:
Joseph E. White, III
jwhite@saxenawhite.com
Greg Stone
gstone@saxenawhite.com
Saxena White P.A.
2424 North Federal Highway, Suite 257
Boca Raton, FL 33431
Tel: (561) 394-3399
Fax: (561) 394-3382
www.saxenawhite.com