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Investigation announced for Investors in shares of Newell Brands Inc. (NASDAQ: NWL)

03-09-2020 03:17 PM CET | Politics, Law & Society

Press release from: Shareholders Foundation

An investigation for investors in Newell Brands Inc. (NASDAQ: NWL) shares over potential securities laws violations.

An investigation for investors in Newell Brands Inc. (NASDAQ: NWL) shares over potential securities laws violations.

An investigation was announced concerning potential securities laws violations by Newell Brands Inc. 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. Newell Brands Inc. reported that its annual Total Revenue rose from over $8.63 billion in 2018 to over $9.71 billion in 2019, and that its Net Loss of over $6.91 billion in 2018 turned into a Net Income of $106.6 million in 2019.

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."

Shares of Newell Brands Inc. (NASDAQ: NWL) declined from $20.99 per share on November 5, 2019 to as low as $13.64 per share on March 6, 2020.

Those who purchased shares of Newell Brands Inc. (NASDAQ: NWL) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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