Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against 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
Investors who purchased the Company's shares between February 6, 2017
and January 24, 2018, inclusive (the “Class Period”), are encouraged to
contact the firm before August 20, 2018.
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 [email protected].
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.
According to the Complaint, the Company made false and misleading
statements to the market throughout the class period. 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. According to the lawsuit, when
accurate information about Newell Brands became apparent in the market,
investors suffered damages.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
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