An investigation for investors in W.W. Grainger, Inc. (NYSE: GWW) shares over potential securities laws violations by W.W. Grainger was announced.
San Diego, CA -- (SBWIRE) -- 10/29/2018 -- An investigation was announced concerning potential securities laws violations by W.W. Grainger, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of W.W. Grainger, Inc. (NYSE: GWW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by W.W. Grainger, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Lake Forest, IL based W.W. Grainger, Inc. distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. On October 16, 2018, W.W. Grainger reported the Company's financial and operating results for the third quarter of 2018. Among other results, W.W. Grainger reported earnings of $104.4 million, or $1.82 per share, down 36% from a year earlier, citing a "$139 million impairment charge related to the Cromwell business in the U.K., reflecting a slower growth trajectory and structural issues
Those who purchased shares of W.W. Grainger, Inc. (NYSE: GWW) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.