The Law Offices of Frank R. Cruz 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 federal securities laws.
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On March 2, 2020, Newell revealed 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, the Company’s share price fell $0.98 per share, or nearly 6%, to close at $15.47 per share on March 3, 2020, thereby injuring investors.
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If you purchased Newell securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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