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Oshkosh Corporation OSK Securities Stock Fraud

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Company: Oshkosh Corporation
Ticker Symbol: OSK
Class Period: Nov-1-07 to Jun-25-08
Date Filed: Sep-26-08
Lead Plaintiff Deadline: Nov-25-08
Court: Eastern District of Wisconsin
Allegations:
A class action lawsuit has been commenced in the United States District Court for the Eastern District of Wisconsin on behalf of purchasers of Oshkosh Corporation ("Oshkosh" or "the Company") common stock during the period between November 1, 2007 and June 25, 2008 (the "Class Period") for violations of federal securities laws. No class has yet been certified in the above action.

The complaint alleges that, during the Class Period, defendants materially misled the investing public, thereby inflating the price of Oshkosh's common stock, by publicly issuing materially false and misleading statements and omitting to disclose material facts necessary to make defendants' statements not false and misleading. As alleged in the complaint, these statements and omissions were materially false and misleading in that they failed to disclose the following adverse facts which were known to defendants, or recklessly disregarded by them: (a) that synergies related to Oshkosh's European facility rationalization program for its refuse business, the Geesink Norba Group, were lower and the cost of such rationalization was higher than represented; (b) that the value of Oshkosh's European refuse business was impaired and overstated and should have been written down; (c) that Oshkosh's JLG access-equipment division was experiencing a dramatic decrease in demand; and (d) that, as a result of the foregoing, Oshkosh lacked any reasonable basis to maintain its financial guidance for fiscal 2008.

To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Oshkosh Corporation OSK Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Oshkosh Corporation securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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