FOXF was hit with a proposed shareholder class action filed in GA district court by Daniel Bardos, naming CEO, Michael Denison, CFO, Scott Humphrey and several directors as defendants. Fox Factory management allegedly misled investors by failing to disclose that bike demand had significantly diminished from the high levels seen during the pandemic and that bike makers were overstocked with Fox shock absorbers, resulting in Specialty Sports Group’s inventory building up. Sales plummeted 59% last Nov. to $72 million, prompting ... Log in to view full article.