HD SUPPLY (HDS) Alert: J&W Investigates HD Supply Holdings, Inc.; Long Term Investors Encouraged to Contact the Firm

HD SUPPLY (HDS) Alert: J&W Investigates HD Supply Holdings, Inc.; Long Term Investors Encouraged to Contact the Firm

PR Newswire

SAN DIEGO, July 13, 2017 /PRNewswire/ -- Johnson & Weaver, LLP is investigating potential violations of the federal and state securities laws by HD Supply Holdings, Inc. (NASDAQ: HDS) ("HD Supply") and certain of its officers. A class action lawsuit against the Company has been filed on behalf of shareholders who purchased HD Supply between November 9, 2016 and July 5, 2017, (the "Class Period").

The Complaint alleges that throughout the Class Period, HD Supply violated federal securities laws by making materially false and misleading public statements, and failing to disclose: (1) that the Company's 2017 full year growth and operational leverage targets were unattainable; (2) that the recovery of its Facilities Maintenance supply chain was not going as planned; and (3) HD Supply was attempting to sell its Waterworks segment; and (4) that the Company's CEO Joseph J. DeAngelo, with full knowledge of the aforementioned undisclosed facts, embarked on a selling spree of personal shares of HD Supply stock that netted him over $54 million. Following this news, HD Supply's stock price dropped materially.

If you have held shares continuously before November 9, 2016, you may have standing to hold HD Supply harmless from the damage the officers and directors may have caused by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.

If you are an HD Supply shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.

About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

 

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SOURCE Johnson & Weaver, LLP

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