An investigation on behalf of current long term investors in HD Supply Holdings Inc (NASDAQ:HDS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/02/2017 -- An investigation was announced for long-term investors in NASDAQ:HDS shares concerning potential breaches of fiduciary duties by certain HD Supply Holdings directors.
Investors who are current long term investors in HD Supply Holdings Inc (NASDAQ:HDS) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm for investors in NASDAQ:HDS stocks follows a lawsuit filed recently against HD Supply Holdings Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:HDS stocks, concerns whether certain HD Supply Holdings Inc directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that HD Supply Holdings Inc's full year 2017 growth and operational leverage targets were unattainable, that the operational recovery of its Facilities Maintenance supply chain was not going according to plan, that the Company was exploring the sale of its Waterworks segment, that Defendant Joseph DeAngelo, with full knowledge of the undisclosed materially adverse facts alleged herein, embarked on a selling spree of personal holdings of HD Supply stock that netted him over $54 million in proceeds, and that as a result of the foregoing, Defendants' statements about HD Supply's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of HD Supply Holdings Inc (NASDAQ:HDS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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