San Diego, CA — 11/08/2017 — An investigation on behalf of investors of Newell Brands Inc (NYSE:NWL) shares over potential securities laws violations in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Newell Brands Inc (NYSE:NWL) concerning whether certain statements regarding Newell Brands' business, its prospects and its operations were materially false and misleading at the time they were made.
Hoboken, NJ based Newell Brands Inc. is a marketer of consumer and commercial products. Newell Brands Inc reported that its annual Total Revenue rose from over $5.91 billion in 2015 to over $13.26 billion in 2016 and that its Net Income increased from $350 million in 2015 to $527.80 million in 2016. Shares of Newell Brands Inc (NYSE:NWL) reached $54.85 per share in June 2017.
On November 2, 2017, Newell Brands Inc announced its third quarter 2017 results and revised its outlook for the twelve months ending December 31, 2017. Shares of Newell Brands Inc (NYSE:NWL) declined on November 2, 2017 to as low as $29.70 per share.
Those who purchased shares of Newell Brands Inc (NYSE:NWL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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