SAN DIEGO, Oct. 25, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain purchasers of shares of HD Supply Holdings Inc (NASDAQ:HDS) over alleged violations of Federal Securities Laws by HD Supply Holdings Inc.
Investors, who purchased shares of HD Supply Holdings Inc (NASDAQ:HDS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On July 11, 2017, a securities class action lawsuit was filed against HD Supply Holdings Inc over alleged securities laws violations. The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that HD Supply Holdings Inc's full year 2017 growth and operational leverage targets were unattainable, that the operational recovery of its Facilities Maintenance supply chain was not going according to plan, that the Company was exploring the sale of its Waterworks segment, that Defendant Joseph DeAngelo, with full knowledge of the undisclosed materially adverse facts alleged herein, embarked on a selling spree of personal holdings of HD Supply stock that netted him over $54 million in proceeds, and that as a result of the foregoing, Defendants' statements about HD Supply's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Those who purchased HD Supply Holdings Inc (NASDAQ:HDS) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108