Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, continues its investigation on behalf of Newell Brands, Inc. (Newell or the Company) (NASDAQ: NWL) investors concerning the Company and its officers possible violations of the federal securities laws.
If you suffered a loss on your Newell investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, via email [email protected] or visit our website at www.glancylaw.com to learn more about your rights.
On March 2, 2020, Newell revealed that it had received a subpoena from the Securities and Exchange Commission (SEC), primarily relating to its sales practices and certain accounting matters during the period from January 1, 2016 to the date of the subpoena. Moreover, the Company disclosed that the subpoena follows document requests primarily related to the impairment of goodwill and other intangible assets.
On this news, the Companys share price fell $0.98 per share, or nearly 6%, to close at $15.47 per share on March 3, 2020, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Newell should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
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