A lawsuit was filed on behalf of investors in Newell Brands Inc (NYSE:NWL) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 07/03/2018 -- An investor, who purchased shares of Newell Brands Inc (NYSE:NWL), filed a lawsuit over alleged violations of Federal Securities Laws by Newell Brands Inc.
Investors who purchased shares of Newell Brands Inc (NYSE:NWL) have certain options and for certain investors are short and strict deadlines running. Deadline: August 20, 2018. NYSE:NWL investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Newell Brands Inc (NYSE:NWL) common shares between February 6, 2017 and January 24, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 6, 2017 and January 24, 2018, the defendants misrepresented and/or failed to disclose the following adverse facts, among others, that the Company's retail channel was loaded with extremely high levels of unsold Newell product, that contrary to defendants' representations, the build-up of Newell inventory in the retail channel was due to Company-specific rather than macroeconomic reasons, that as a result of the unusually high levels of unsold inventory in the retail channel, Newell was exposed to a heightened risk that it would experience slower sales growth in future periods, and that undisclosed managerial and cultural differences in the legacy Newell and Jarden businesses had created significant internal discord that was having a material adverse effect on the Company's operating performance.
Those who purchased shares of Newell Brands Inc (NYSE:NWL) 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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