Newell Brands, Inc. (NWL)
(NWL) Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of Newell Brands, Inc. and Encourages Investors to Contact the Firm
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Newell Brands, Inc. (“Newell” or the Company”) (NASDAQ: NWL). The investigation concerns whether Newell and certain of its officers and/or directors have violated federal securities laws.
On March 2, 2020, Newell disclosed that “[o]n January 31, 2020, the Company received a subpoena from the U.S. Securities and Exchange Commission (the ‘SEC’) primarily relating to its sales practices and certain accounting matters during the period from January 1, 2016 to the date of the subpoena.” Newell specified that “[t]he subpoena followed various informal document requests from the SEC staff, including several requests primarily related to the impairment of goodwill and other intangible assets.” On this news, Newell’s stock price fell $0.98 per share, or 5.96%, to close at $15.47 per share on March 3, 2020.
If you are aware of any facts relating to this investigation, or purchased Newell shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.