NEW
YORK, April 21, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Stanley Black & Decker, Inc. (NYSE:
SWK).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/stanley-black-decker-inc-loss-submission-form/?id=38445&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Stanley between October 28,
2021 and July 28, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 23, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Stanley
Black & Decker, Inc. issued materially false and/or
misleading statements and/or failed to disclose that: (i) rising
interest rates, inflation, and trends in returning to work away
from home were in fact quickly eroding then-heightened demand for
Stanley's tools and outdoor products; (ii) the heightened,
extraordinary demand Stanley had enjoyed as a result of the
COVID-19 pandemic in 2021 into 2022 was returning to 2019
pre-pandemic levels; (iii) Stanley's operations were already
showing signs of slowing demand; (iv) as a result of
reorganization, share repurchasing, and dividend growth, Stanley
lacked the cash to react with agility to changes in demand; and (v)
as a result of Stanley's inability to react to a sharp decline in
demand, the Company's results and metrics, particularly sales
volume, were severely negatively impacted. As a result of the
foregoing, Stanley's public statements were materially false and
misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
View original
content:https://www.prnewswire.com/news-releases/swk-shareholder-alert-jakubowitz-law-reminds-stanley-shareholders-of-a-lead-plaintiff-deadline-of-may-23-2023-301803748.html
SOURCE Jakubowitz Law
