Market Overview

The Law Offices of Howard G. Smith Reminds Investors of August 20th Deadline in the Class Action Lawsuit Against Newell Brands Inc. (NWL)


Law Offices of Howard G. Smith reminds investors of the August
20, 2018
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased Newell Brands Inc.
("Newell" or the "Company) (NYSE: NWL)
securities between February 6, 2017 and January 24, 2018,
inclusive (the "Class Period"). Newell investors have until August
20, 2018 
to file a lead plaintiff motion.

Investors suffering losses on their Newell investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to

On January 25, 2018, Newell announced expected 2017 core sales
significantly below previous guidance partly due to ongoing retailer
inventory problems. The Company further disclosed that it was
considering significantly restructuring Newell's overall business by
divesting industrial and commercial assets, resulting in a 50% reduction
in its customer base and global factory and warehouse footprint. That
same day, the Company disclosed the resignations of three members of its
Board. On this news, shares of Newell fell $6.42, or 21% to close
at $24.81 on January 25, 2018, thereby injuring investors.

The complaint filed in this class action alleges that 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.

If you purchased shares of Newell during the Class Period you may move
the Court no later than August 20, 2018 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

View Comments and Join the Discussion!