DENVER--(BUSINESS WIRE)--The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of HD Supply Holdings, Inc. (“HD Supply” or the “Company”) (Nasdaq: HDS). HD Supply is an Atlanta, Georgia-based commercial distributor which provides products and services to customers across a variety of industrial sectors in the United States.
The Firm’s investigation focuses on allegations raised in a class action lawsuit filed against HD Supply and certain of the Company’s senior officers and directors that the Company's Facilities Management supply chain was not progressing as expected and would require substantial additional investment, that HD Supply was preparing to sell its Waterworks segment, and that as a result of the foregoing, the Company’s public statements were false and misleading and/or lacked a reasonable basis. In addition, the class action complaint alleges that while the Company's stock price was artificially inflated, certain HD Supply senior executives exploited their positions as corporate fiduciaries of HD Supply and sold their personal stock holdings for millions of dollars in insider profits, while in possession of material, adverse, and non-public information regarding the Company's operations and business prospects.
If you currently own HD Supply common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 569-4531 or email Mr. Shuman at email@example.com or Mr. Glenn at firstname.lastname@example.org.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.