The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Spectrum Brands Legacy, Inc. (f/k/a Spectrum Brands Holdings, Inc.) (NYSE: SPB) who purchased shares between June 14, 2016 and November 16, 2018. The action, which was filed in the United States District Court for the Western District of Wisconsin, alleges that the Company violated federal securities laws.
In particular, the Spectrum lawsuit alleges that (i) Spectrum had been self-inflicting the operational issues at its Ohio and Kansas facilities; (ii) these operational issues were, in fact, recurring in nature; (iii) these operational issues would continuously impact production, shipping levels and sales; and (iv) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.
Shareholders have until May 6, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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