NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Newell Brands Inc. (NYSE: NWL).
Throughout the past year, the Company has been plagued by poor financial performance and undervaluation of the Company’s shares including several guidance reductions and significant declines in profitability despite notable gains by the Company’s peer group and the broader market, resulting in billions of dollars of shareholder value lost. Over just the past few months, the Company has been staggered by the abrupt departure of five members of its board of directors.
KSF’s investigation is focusing on whether Newell’s officers and/or directors breached their fiduciary duties to Newell’s shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Newell shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nyse-nwl/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.