HD Supply Holdings Inc

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Case Summary
Company Name: HD Supply Holdings Inc
Stock Symbol : NASDAQ: HDS
Class Period Start: 11/09/2016
Class Period End: 06/05/2017
Lead Plaintiff motion: 09/11/2017
Date Filed: 07/10/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of Georgia
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the September 11, 2017 lead plaintiff deadline in a class action lawsuit filed against HD Supply Holdings Inc (NASDAQ: HDS) (“HD” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Georgia and investors, who purchased HD Supply Holdings Inc securities between November 9, 2016 and June 5, 2017, have until September 11, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased HD Supply Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that HD Supply's full year 2017 growth and operational leverage targets were unattainable; the operational recovery of its Facilities Maintenance supply chain was not going according to plan;  the Company was exploring the sale of its Waterworks segment; Defendant, with full knowledge of the undisclosed materially adverse facts alleged herein, embarked on a selling spree of personal holdings of HD Supply stock that netted him over $54 million in proceeds; and  as a result of the foregoing, Defendants' statements about HD Supply's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On June 6, 2017, HD revealed a plan to accelerate its investment spending in Facilities Maintenance, and that the Company would be redeploying working capital into the business, causing it to lower its operational leverage targets. Also, the Company revealed that it had also entered into a definitive agreement to sell its Waterworks business segment.

On this news, NASDAQ: HDS fell from $41.27 per share on June 5, 2017, to a closing price of $34.03 on June 6, 2017.

If you were negatively impacted by your investment in HD Supply Holdings Inc securities between November 9, 2016 and June 5, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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