Badger Meter told investors its record results came from “ongoing favorable industry trends,” “secular growth drivers” and “solid operating execution.” A federal securities class action says that was not the whole story, and Rosen Law Firm is reminding Badger Meter shareholders that they have until August 3, 2026 to ask the court to lead the case.
The suit covers people who bought common stock of Badger Meter, Inc. (NYSE: BMI) between April 18, 2024 and April 16, 2026, inclusive. That stretch is the Class Period. A class action has already been filed. Anyone who wants to serve as lead plaintiff must move the court no later than the deadline. A lead plaintiff is a representative who directs the litigation on behalf of other class members.
What the lawsuit alleges
According to the suit, defendants made materially false and misleading statements during the Class Period about what drove Badger Meter’s “record” financial results, demand for its products and its growth prospects. They described “strong” demand and said they were seeing “robust order pacing and a strong bid pipeline that positions us well for continued sales and earnings growth.” They also said the company had a “long runway” for growth.
The complaint says those statements were false. Part of the company’s results, it alleges, came from pulling forward customer orders so that revenue could be recognized early. That practice hid weakening demand and worsening near-term order trends, the suit claims. It also used up revenue that would otherwise have been available in later periods, and that led to the disappointing results Badger Meter reported afterward. The lawsuit says investors suffered damages when the real picture reached the market.
Who can take part
Rosen says purchasers during the Class Period may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket fees or costs. No class has been certified. Until one is, investors are not represented by counsel unless they hire their own, and they may pick any lawyer they like.
They can also do nothing and stay on as absent class members. The notice says an investor’s ability to share in any future recovery does not depend on serving as lead plaintiff.
The firm describes itself as representing investors worldwide, with a practice focused on securities class actions and shareholder derivative litigation. It says it won the largest securities class action settlement ever against a Chinese company and recovered over $438 million for investors in 2019 alone. Phillip Kim is the contact named in the notice.
