The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Newell Brands Inc. (“Newell” or “the Company”) (NASDAQ: NWL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Newell disclosed on March 2, 2020, that it had received a subpoena from the SEC requesting documents and information related to the Company’s sales and accounting practices dating back to January 2016. The Company admitted that it had previously received informal requests from the SEC for documents related to the impairment of goodwill and other intangible assets. Based on this news, shares of Newell fell by more than 5% during the next trading session.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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