A lawsuit was filed on behalf of investors in HD Supply Holdings Inc (NASDAQ:HDS) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 08/28/2017 -- An investor in NASDAQ:HDS shares filed a lawsuit over alleged Securities Laws violations by HD Supply Holdings Inc.
Investors who purchased shares of HD Supply Holdings Inc (NASDAQ:HDS) have certain options and for certain investors are short and strict deadlines running. Deadline: September 11, 2017. NASDAQ:HDS investors should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of HD Supply Holdings Inc (NASDAQ:HDS) common shares between November 9, 2016 and June 5, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 9, 2016 and June 5, 2017, 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 shares of HD Supply Holdings Inc (NASDAQ:HDS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego