Investigation Overview
An investigation on behalf of investors of Newell Brands Inc (NYSE:NWL) shares over potential securities laws violations by Newell Brands 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 Newell Brands Inc (NYSE:NWL) concerning whether a series of statements by Newell Brands Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Hoboken, NJ based Newell Brands Inc. is a marketer of consumer and commercial products.
Newell Brands Inc reported that its annual Total Revenue rose from over $5.91 billion in 2015 to over $13.26 billion in 2016 and that its Net Income increased from $350 million in 2015 to $527.80 million in 2016.
Shares of Newell Brands Inc (NYSE:NWL) reached $54.85 per share in June 2017.
On November 2, 2017, Newell Brands Inc announced its third quarter 2017 results and revised its outlook for the twelve months ending December 31, 2017.