An investigation for investors in Newell Brands Inc. (NASDAQ: NWL) shares over potential securities laws violations by Newell Brands Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/17/2020 -- Newell Brands Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Newell Brands Inc. (NASDAQ: NWL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Newell Brands Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Atlanta, GA based Newell Brands Inc. designs, manufactures, sources, and distributes consumer and commercial products worldwide.
On March 2, 2020, after the close of trading, Newell Brands Inc. 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."
Those who purchased shares of Newell Brands Inc. (NASDAQ: NWL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.