EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Newell Brands Inc. – NWL | Financial Buzz

EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Newell Brands Inc. NWL

Rosen Law Firm, a global investor rights law firm, announces the filing
of a class action lawsuit on behalf of purchasers of the securities of
Newell Brands Inc. (NYSE: NWL) between February 6, 2017 and January 24,
2018, both dates inclusive (the “Class Period”). The lawsuit seeks to
recover damages for Newell Brands investors under the federal securities
laws.

To join the Newell Brands class action, go to http://www.rosenlegal.com/cases-1365.html
or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at
866-767-3653 or email pkim@rosenlegal.com
or zhalper@rosenlegal.com
for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period defendants made
false and/or misleading statements and/or failed to disclose that: (1)
Newell Brands’ retail channel was loaded with extremely high levels of
unsold Newell Brands product; (2) contrary to defendants’
representations, the build-up of Newell Brands inventory in the retail
channel was due to Newell Brands-specific rather than macroeconomic
reasons; (3) as a result of the unusually high levels of unsold
inventory in the retail channel, Newell Brands was exposed to a
heightened risk that it would experience slower sales growth in future
periods; and (4) undisclosed managerial and cultural differences in the
legacy Newell Brands and Jarden businesses had created significant
internal discord that was having a material adverse effect on the Newell
Brands’ operating performance. When the true details entered the market,
the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than August 20, 2018. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to http://www.rosenlegal.com/cases-1365.html
to join the class action. You may also contact Phillip Kim or Zachary
Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or zhalper@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180622005368/en/