Anyone who bought Badger Meter stock between April 18, 2024 and April 16, 2026 had until August 3, 2026 to ask a federal court for the lead plaintiff role in a securities class action against the company. Faruqi & Faruqi, LLP, a New York law firm, sent out a reminder of the cutoff on July 23.
Badger Meter, Inc. trades on the NYSE under the ticker BMI. The complaint says the company and its executives misled investors about the strength of the business. According to the filing, executives credited results to “ongoing favorable industry trends,” “secular growth drivers” and “solid operating execution.” They talked up order pacing and a “strong bid pipeline,” and said the company had a “long runway” for growth.
What the suit says was hidden
The record sales figures were not what they seemed, the complaint argues. Money Speaks reported that the suit accuses Badger Meter of pulling customer orders forward so that revenue landed in earlier periods. That, the lawsuit says, covered up weakening demand and worsening order trends, and it drained revenue from later quarters.
The bad news came in pieces. Faruqi & Faruqi lists three disclosures:
On July 22, 2025, Badger Meter reported disappointing second-quarter results and forecast a sequential sales decline. On January 28, 2026, it missed revenue expectations, and utility water sales fell 6% from the prior quarter. Then on April 17, 2026, first-quarter earnings came in $0.26 per share below the consensus estimate, with revenue short by $28.58 million.
The stock dropped sharply, the suit says, and investors took losses.
How the lead plaintiff role works
The court picks the lead plaintiff, and the choice usually goes to the investor with the largest financial interest in the case who is also adequate and typical of the class. That person directs the litigation for everyone else.
Nobody was required to seek the job. A class member could hire counsel and file a motion, or do nothing and stay an absent member of the class. Either way, the right to share in any recovery is the same. No class had been certified when the notices went out, and Money Speaks noted that the case was started by the Rosen Law Firm. Contingency fee arrangements mean participants pay nothing up front.
Faruqi & Faruqi, which says it has offices in New York, Pennsylvania, California and Georgia and has recovered hundreds of millions of dollars for investors since 1995, put partner James (Josh) Wilson forward as its contact. The firm also asked whistleblowers, former employees and shareholders with knowledge of Badger Meter’s conduct to get in touch.
Sources
- Badger Meter Investors Face August Deadline in Securities Fraud Suit
- BMI INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Badger Meter (BMI) Investors of Securities Class Action Lawsuit Deadline on August 3, 2026
