An investigation on behalf of current long term investors in Stanley Black & Decker, Inc. (NYSE:SWK) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/14/2023 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Stanley Black & Decker, Inc..
Investors who are current long term investors in Stanley Black & Decker, Inc. (NYSE: SWK) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: SWK stocks follows a lawsuit filed against Stanley Black & Decker, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SWK stocks, concerns whether certain Stanley Black & Decker, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that rising interest rates, inflation, and trends in returning to work away from home were in fact quickly eroding demand for Stanley's tools and outdoor products, that the heightened, extraordinary demand Stanley had enjoyed as a result of the COVID-19 pandemic in 2021 into 2022 no longer existed, that Stanley's operations were already showing signs of slowing demand, that as a result of reorganization, share repurchasing, and dividend growth, Stanley lacked the cash to react with agility to changes in demand, and that as a result of Stanley's inability to react to a sharp decline in demand, the Company's results and metrics, particularly sales volume, were severely negatively impacted.
Those who purchased shares of Stanley Black & Decker, Inc. (NYSE: SWK) have certain options and should contact the Shareholders Foundation.
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