San Diego, CA -- (SBWire) -- 06/14/2023 --An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Stanley Black & Decker, Inc..
Investors who are current long term investors in Stanley Black & Decker, Inc. (NYSE: SWK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: SWK stocks follows a lawsuit filed against Stanley Black & Decker, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SWK stocks, concerns whether certain Stanley Black & Decker, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that rising interest rates, inflation, and trends in returning to work away from home were in fact quickly eroding demand for Stanley's tools and outdoor products, that the heightened, extraordinary demand Stanley had enjoyed as a result of the COVID-19 pandemic in 2021 into 2022 no longer existed, that Stanley's operations were already showing signs of slowing demand, that as a result of reorganization, share repurchasing, and dividend growth, Stanley lacked the cash to react with agility to changes in demand, and that as a result of Stanley's inability to react to a sharp decline in demand, the Company's results and metrics, particularly sales volume, were severely negatively impacted.
Those who purchased shares of Stanley Black & Decker, Inc. (NYSE: SWK) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Stanley Black & Decker, Inc. (NYSE:SWK) Long Term Investor Notice: Investigation over Potential Wrongdoing
An investigation on behalf of current long term investors in Stanley Black & Decker, Inc. (NYSE:SWK) shares over possible breaches of fiduciary duty by certain officers and directors was announced.