Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Thor Industries, Inc. ("Thor" or the "Company") (NYSE:THO) during the period of March 9, 2009 - June 9, 2010 (the "Class Period"). Investors interested in becoming a lead plaintiff are advised to contact Nicola Brown at 888-476-6529 or email info@pomlaw.com. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not affected by your decision whether or not to serve as lead plaintiff.

Thor manufactures and sells a range of recreation vehicles and small and mid-size buses, as well as related parts and accessories in the United States and Canada. The Pomerantz Firm's investigation centers on the June 10, 2010 disclosure that the Company was postponing the filing of its quarterly report for the period ended April 30, 2010 due to the Company's independent auditor's evaluation of certain accounting positions taken by the Company in its fiscal year 2009 and quarterly periods ended January 31, 2009, April 30, 2009, October 31, 2009 and January 31, 2010. Specifically, the auditor "is addressing issues relating to the accounting treatment for (a) the Company's transactions with Stephen Adams and FreedomRoads that were consummated in January 2009, and (b) repurchase reserves relating to agreements with lenders to the Company's independent dealers and revenue recognition issues with respect to transactions with its independent dealers." Consequently, the Company may have to restate reported financial statements for fiscal 2009 and for the first three quarters of fiscal 2010. As a result of this revelation, Thor securities declined more than 6% or $1.82 on June 10, 2010.

 



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