LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against HD Supply Holdings, Inc. (“HD Supply” or the “Company”) (Nasdaq: HDS) concerning possible violations of federal securities laws between November 9, 2016 and June 5, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the September 11, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent 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 Chief Executive Officer, 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. Upon release of this information to the public, the Company’s shares lowered in value materially, which caused investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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