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Investigation announced for Investors in NASDAQ: HNST shares over potential Wrongdoing at The Honest Company, Inc

09-15-2021 02:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in The Honest Company, Inc. (NASDAQ: HNST) shares over potential wrongdoing.

An investigation on behalf of investors in The Honest Company, Inc. (NASDAQ: HNST) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at The Honest Company, Inc.

Investors who purchased shares of The Honest Company, Inc. (NASDAQ: HNST) 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 concerns whether certain The Honest Company directors breached their fiduciary duties and caused damage to the company and its shareholders.

Los Angeles, CA based The Honest Company, Inc. manufactures and sells baby, personal, and beauty care products.

On or about May 5, 2021, The Honest Company, Inc. sold about 25.8 million shares of stock in its initial public stock offering (the "IPO") at $16 a share, raising nearly $413 million in new capital.
On Wednesday, August 13, 2021, The Honest Company, Inc. released its second quarter ended June 30, 2021, financial results. The Company posted a net loss of $20.2 million, or 17 cents a share, for the quarter, after a loss of $375,000, or 1 cent a share, in the year-earlier period.

Shares of The Honest Company, Inc. (NASDAQ: HNST) declined to as low as $9.05 per share on August 18, 2021.

Those who purchased shares of The Honest Company, Inc. (NASDAQ: HNST) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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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