SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of HD Supply Holdings, Inc. - HDS

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of HD Supply Holdings, Inc. - HDS

PR Newswire

NEW YORK, July 18, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HD Supply Holdings, Inc. ("HD Supply" or the "Company") (NASDAQ:  HDS).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether HD Supply and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here to join a class action]

On June 6, 2017, HD Supply reported first quarter 2017 earnings that fell short of analyst estimates, disclosed the divestiture of the Company's Waterworks business segment, and announced increased capital investments in its Facilities Management segment.  As a result of the increase in its Facilities Management spending, HD Supply was forced to reduce its operating leverage targets for full year 2017. 

On this news, HD Supply's share price fell $7.24, or 17.5%, to close at $34.03 on June 6, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

 

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SOURCE Pomerantz LLP

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