The legal action, brought by the DJS Law Group, targets alleged violations of the Securities Exchange Act of 1934 between April 18, 2024, and April 16, 2026. Plaintiffs contend that Badger Meter touted secular growth drivers and solid operating execution, while the company’s actual financial stability relied on artificial tactics to inflate its growth figures. Investors who acquired BMI shares during this two-year window are eligible to participate in the proceedings, with a deadline for lead plaintiff applications set for August 3, 2026.

Attorney David J. Schwartz is managing the inquiry for those who suffered losses due to the company's disclosures. Participation in the lawsuit does not require appointment as a lead plaintiff, though the firm is currently organizing the class to address the discrepancies between the company's public statements and its internal order management. The DJS Law Group, based in Eastchester, New York, is handling inquiries regarding the case via their offices at 274 White Plains Road.