Thieler Law Corp advises investors with losses exceeding $100,000 of the August 20, 2018 lead plaintiff deadline in a class action lawsuit filed against Newell Brands Inc (NYSE: NWL) (“Newell” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Newell Brands Inc securities between February 6, 2017 and January 24, 2018, have until August 20, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Newell Brands 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 Newell’s retail channel was loaded with extremely high levels of unsold Newell product; contrary to defendants’ representations, the build-up of Newell inventory in the retail channel was due to Company-specific rather than macroeconomic reasons; due to the unusually high levels of unsold inventory in the retail channel, Newell was exposed to a heightened risk that it would experience slower sales growth in future periods; and undisclosed managerial and cultural differences in the legacy Newell and Jarden businesses had created significant internal discord that was having a material adverse effect on the Company’s operating performance. As a result of defendants’ failure to disclose this adverse information, Newell stock was artificially inflated more than $55.00 per share during the Class Period.

On November 2, 2017, the Company revealed disappointing 2017 third quarter financial results.

Following this news, NYSE: NWL fell roughly 27%, or $10.99 per share, to close at $30.01 per share.

On January 25, 2018, the Company revealed that three members of its Board had resigned.

Following this news, NYSE: NWL fell roughly 21%, or $6.42 per share, to close at $24.81 per share on January 25, 2018. 

If you were negatively impacted by your investment in Newell Brands Inc securities between February 6, 2017 and January 24, 2018 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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