LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Newell Brands Inc. (“Newell Brands” or ''the Company'') (NYSE: NWL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between February 6, 2017 and January 24, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before August 20, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market throughout the class period. Newell Brands’ retail sales channel had a very high level of unsold inventory. The increased inventory was due to issues specific to Newell Brands and their products, as opposed to macroeconomic conditions as claimed by the Company. The high inventory level exposed Newell Brands to a risk of slower sales in the future. Additionally, undisclosed cultural differences and management clashes between legacy Newell Brands and the Jarden business units led to internal strife which would have an adverse influence on operating performance. According to the lawsuit, when accurate information about Newell Brands became apparent in the market, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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