IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces the filing of a securities class action lawsuit against HD Supply Holdings, Inc. (“HD Supply” or the “Company”) (Nasdaq: HDS). Investors who purchased or otherwise acquired shares between November 9, 2016 and July 5, 2017 inclusive (the “Class Period”), should contact the firm in advance of the September 11, 2017 lead plaintiff motion deadline.
If you purchased HD Supply shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may also choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, HD Supply violated federal securities laws by making materially false and misleading public statements, and/or failing to disclose: that the Company’s 2017 full year growth and operational leverage targets were unattainable; that the recovery of its Facilities Maintenance (“FM”) supply chain was not going as planned; that HD Supply was attempting to sell its Waterworks segment; and that the Company’s CEO Joseph J. DeAngelo, with full knowledge of the aforementioned undisclosed facts, embarked on a selling spree of personal shares of HD Supply stock that netted him over $54 million. When this news was announced, shares of HD Supply fell in value materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, Esquire, a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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