LOS ANGELES--(BUSINESS WIRE)--National Shareholder Rights Law Firm Glancy Prongay & Murray LLP (“GPM”) 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.
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On January 25, 2018, Newell announced expected 2017 core sales significantly below previous guidance partly due to ongoing retailer inventory problems. The Company further disclosed that it was considering significantly restructuring Newell’s overall business by divesting industrial and commercial assets, resulting 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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