NEW ORLEANS, July 20, 2018 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until August 20, 2018 to
file lead plaintiff applications in a securities class action
lawsuit against Newell Brands Inc. (NYSE: NWL), if they purchased
the Company's shares between February 6,
2017 and January 24, 2018,
inclusive (the "Class Period"). This action is pending in
the United States District Court
for the District of New
Jersey.
Get Help
Newell investors should visit us at
https://www.claimsfiler.com/cases/view-newell-brands-inc-securities-litigation
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
Newell and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
On January 25, 2018, Newell
revealed expected 2017 core sales significantly below previous
guidance partly due to ongoing retailer inventory problems and that
it was considering significantly restructuring business by
divesting industrial and commercial assets, which it anticipated
would result in a 50% reduction in its customer base and global
factory and warehouse footprint. Further, the Company
disclosed the resignations of three members of its Board.
On this news, the price of Newell's shares plummeted 21% to
close at $24.81 per share.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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