SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Newell Brands Inc. & Encourages In...
03 July 2018 - 4:25AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Newell Brands Inc. ("Newell Brands" or the "Company")
(NYSE: NWL) for violations of §§10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Newell Brands’ retail sales channel had a
very high level of unsold inventory. The increased inventory was
due to issues specific to Newell Brands and their products, as
opposed to macroeconomic conditions as claimed by the Company. The
high inventory level exposed Newell Brands to a risk of slower
sales in the future. Additionally, undisclosed cultural differences
and management clashes between legacy Newell Brands and the Jarden
business units led to internal strife which would have an adverse
influence on operating performance.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180702005892/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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