NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of HD Supply Holdings, Inc. (NASDAQ: HDS) concerning possible violations of federal securities laws.
On June 6, 2017, the Company disclosed a plan to accelerate its investment spending in Facilities Maintenance, and that the Company would be redeploying working capital into the business, causing it to lower its operational leverage targets. On the same day, the Company announced that it had also entered into a definitive agreement to sell its Waterworks business segment. Following this news, HD Supply Holdings’ share price fell from $41.27 per share on June 5, 2017, to a closing price of $34.03 on June 6, 2017.
If you suffered a loss in HD Supply Holdings and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/HDS-Info-Request-Form-175.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.