UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF GEORGIA
ATLANTA DIVISION
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x CIVIL ACTION
:
IN RE: MILLER INDUSTRIES, INC. : Master File No.
SECURITIES LITIGATION : 1:97-CV-2811 (TWT)
:
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x JURY TRIAL DEMANDED
CONSOLIDATED CLASS ACTION COMPLAINT
Plaintiffs, through their undersigned counsel, submit
this Consolidated Class Action Complaint ("Complaint") against
the defendants named herein, and allege the following upon
information and belief (except for those allegations which
pertain to plaintiffs and their attorneys, which allegations are
based upon personal knowledge). Plaintiffs' information and
belief is based upon, inter alia, the investigation made by
plaintiffs' counsel, which investigation included, without
limitation, a review and analysis of various public filings and
statements, press reports, press releases, and the reports of
securities analysts concerning or relating to Miller Industries,
Inc.
NATURE OF THE CASE
1 This is a class action on behalf of all persons,
other than defendants and their affiliates, who purchased the
common stock of Miller Industries, Inc. ("Miller" or the
"Company") between November 6, 1996 through September 11, 1997,
1
SNIPPETS:
UNITED STATES DISTRICT COURT
Plaintiffs, through their undersigned counsel, submit
this Consolidated Class Action Complaint against
pertain to plaintiffs and their attorneys, which allegations are
a review and analysis of various public filings and
statements, press reports, press releases, and the reports of
securities analysts concerning or relating to Miller Industries,
other than defendants and their affiliates,
Securities Exchange Act of 1934.
Miller common stock as currency.
leading United States manufacturer of towing equipment,
million shares of Miller common stock.
disseminated a series of false and misleading announcements,
In order to overstate revenue growth,
regarding the growth in Miller's core manufacturing business by
providing revenue figures that confused and/or combined revenues
emerge that the growth rate in Miller's core business was in fact
directors and control persons of Miller, during the Class Period,
"Individual Defendants":
shares represented a significant amount of William Miller's
In addition, these sales were dramatically
Madonia's prior trading practices and were effected at times
whether defendants breached their duty to convey material facts
misled investors by understating prior period revenues.
resell them at very low margins to towing service companies in
Miller "grossed up" its revenues to reflect chassis sales;
representing more than one-third of Miller's operating
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