Company officials did not return a call seeking comment.
On June 10, Thor reported that it posted a profit of $34.1 million, or 66 cents per share, compared with a profit of $2.1 million, or 4 cents per share, a year ago.
Sales for the quarter ended April 30 reached $680.2 million compared with $415.5 million a year ago, a 64 percent gain.
However, the company also said it was going to notify the U.S. Securities and Exchange Commission that it would file its third quarter report late and ask for an extension.
In its June 10 statement, the company said it needed to file late because its accounting firm, Deloitte & Touche LLP, was reviewing quarterly financial statements as part of a wider evaluation of accounting methods it used for some of its transactions.
Company executives said the evaluation could result in Thor restating some of its results for all of fiscal 2009 and the first three quarters of 2010.
If it were required to make accounting changes, “there could be material adverse changes” to the company’s results and financial condition for those periods of time, executives said at the time.
According to the lawsuit, shares of Thor (NYSE: THO) on June 10 were trading at $28.39, but they fell 27 percent to $20.74 following the announcement. The stock closed that day at $26.22.
During the Monday, June 28, session, Thor’s shares closed at $24.17, down 29 cents.
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