Investigation Overview
An investigation on behalf of investors of Church & Dwight Co., Inc. (NYSE: CHD) shares over potential securities laws violations by Church & Dwight Co., Inc. and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Church & Dwight Co., Inc. (NYSE: CHD) concerning whether a series of statements by Church & Dwight Co., Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Ewing, NJ based Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products. Church & Dwight Co., Inc. reported that its annual Total Revenue rose from over $3.77 billion in 2017 to over $4.14 billion in 2018 and that its Net Income declined from $743.4 million in 2017 to $568.6 million in 2018.
On September 5, 2019, a report was published on Church & Dwight Co., Inc, articulating 'significant concerns' about the Company. Specifically, among other issues, the report asserted that Church & Dwight's 'strategy has pivoted towards extreme financial engineering, aggressive accounting, and managerial self-enrichment practices' and that the Company was 'using bold and potentially misleading language to promote' its acquisition of the FLAWLESS brand of hair removal products, announced in May 2019.