NEW YORK, July 28, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against HD Supply Holdings, Inc. (“HD Supply” or the “Company”) (NASDAQ:HDS) and certain of its officers, on behalf of shareholders who purchased HD Supply securities between November 9, 2016 and June 5, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/hds.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) HD Supply's 2017 operating and growth leverage guidance was not feasible; (2) the recovery of its Facilities Maintenance supply chain was not in line with prior expectations and planning; (3) the sale of its Waterworks segment was being explored; (4) Defendant Joseph DeAngelo, with full knowledge of these undisclosed materially-adverse facts, sold off his personal holdings of HD Supply stock, resulting in over $54 million in profits; and (5) consequently, HD Supply’s financial statements were materially false and misleading at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/hds or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in HD Supply you have until September 11, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.