BOSTON, May 01, 2020 (GLOBE NEWSWIRE) -- Newell Brands, Inc. (NWL) announced today that it would be recording “a $1.5 billion noncash impairment charge recorded in the current quarter,” and that this was “primarily related to goodwill and intangible assets.” Shares are presently down nearly 8% today.
Today’s impairment charge comes on the heels of Newell revealing, on March 2, 2020, that it had received a subpoena from the U.S. Securities and Exchange Commission concerning the Company’s sales and accounting practices dating back to January 2016 relating to the impairment of goodwill and other intangible assets. Investors who have lost money are encouraged to contact Block & Leviton LLP attorneys for a free case evaluation, at (617) 398-5600, via email at email@example.com, or at https://shareholder.law/nwl.
Block & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country’s financial markets. The firm represents many of the nation’s largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm’s lawyers have recovered billions of dollars for its clients.
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