BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it has commenced an investigation on behalf of Newell Brands Inc. (“Newell” or the “Company”) (NYSE: NWL) investors concerning the Company and its officers’ possible violations of federal securities laws.
On January 25, 2018, Newell announced expected 2017 core sales significantly below previous guidance partly due to ongoing retailer inventory problems and that it was considering significantly restructuring business by divesting industrial and commercial assets, which it anticipated would result in a 50% reduction in its customer base and global factory and warehouse footprint. That same day, the Company disclosed the resignations of three members of its Board. On this news, shares of Newell fell $6.42, or 21% to close at $24.81 on January 25, 2018, thereby injuring investors.
If you purchased Newell securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.