Energy News / Shareholders Foundation, Inc.

NYSE: SPB Shareholder Alert: Investigation over Possible Violations of Securities Laws by Spectrum Brands Holdings, Inc

Via: ReleaseWire

Updated 11:15 AM CST, Mon, November 05,2018

An investigation for investors in Spectrum Brands Holdings, Inc. (NYSE: SPB) shares over potential securities laws violations by Spectrum Brands Holdings, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 11/05/2018 -- Spectrum Brands Holdings, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Spectrum Brands Holdings, Inc. (NYSE: SPB), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Spectrum Brands Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Middleton, WI based Spectrum Brands Holdings, Inc., through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products

Spectrum Brands Holdings, Inc. reported that its Total Revenue declined from over $5.04 billion for the 12 months period that ended on September 30, 2016 to over $5 billion for the 12 months period that ended on September 30, 2017 and that its Net Loss of $198.8 million for the 12 months period that ended on September 30, 2016 turned to a Net Income of $106 million for the 12 months period that ended on September 30, 2017.

On April 26, 2018, Spectrum Brands Holdings, Inc disclosed its second quarter 2018 results, and that the Company had lowered its fiscal year 2018 adjusted EBITDA guidance from $657-$674 million to $600-$617. In the same announcement, Spectrum Brands Holdings, Inc announced that Executive Chairman David M. Maura was named Chief Executive Officer, effective immediately. Maura stated that the Company faced "challenges related to our two greenfield manufacturing and distribution projects."

Shares of Spectrum Brands Holdings, Inc. (NYSE: SPB) declined from $118.33 per share in early 2018 to as low as $66.79 per share on April 27, 2018.

Those who purchased shares of Spectrum Brands Holdings, Inc. (NYSE: SPB) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-spb-shareholder-alert-investigation-over-possible-violations-of-securities-laws-by-spectrum-brands-holdings-inc-1079624.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com