NEW YORK--(BUSINESS WIRE)--Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Newell Brands, Inc. ("Newell" or the "Company") (NASDAQ: NWL) resulting from allegations that Newell might have issued misleading information to the investing public.
If you purchased Newell securities, and/or would like to discuss your legal rights and options please visit Newell Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
On March 2, 2020, after the close of trading, Newell revealed that "[o]n January 31, 2020, the Company received a subpoena from the U.S. Securities and Exchange Commission (the "SEC") primarily relating to its sales practices and certain accounting matters during the period from January 1, 2016 to the date of the subpoena." The Company stated, "[t]he subpoena followed various informal document requests from the SEC staff, including several requests primarily related to the impairment of goodwill and other intangible assets."
On this news, Newell's share price fell 5.96% on March 3, 2020.
If you purchased Newell securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/newellbrandsinc-nwl-shareholder-class-action-lawsuit-stock-fraud-260/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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