18.07.2017 17:36:00
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INVESTOR ALERT: Monteverde & Associates PC Invites HD Supply Holdings, Inc. Shareholders with Losses In Excess of $1 Million to Contact the Firm Immediately - HDS
NEW YORK, July 18, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City announces that a class action lawsuit has been filed against HD Supply Holdings, Inc. (NasdaqGS: HDS)("HD Supply" or the "Company") on behalf of purchasers of the Company's securities between November 9, 2016 and June 5, 2017, inclusive (the "Class Period").
The lawsuit is based on whether HD Supply and its executives violated federal securities law by misleading investors by making false and/or misleading statements regarding the Company's business by failing to disclose: (1) that the Company's 2017 full year growth and operational leverage targets were unreachable; (2) that the operation recovery of its Facilities Maintenance supply chain was not going as planned; and (3) The sale of HD Supply's Waterworks segment; and (4) that the Company's CEO Joseph J. DeAngelo, with full knowledge of the undisclosed facts, sold personal shares of HD Supply stock that netted him over $54 million in proceeds. When this news was released, the Company's stock price fell materially, which harmed investors according to the Complaint.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses, if incurred during the Class Period.
If you wish to serve as lead plaintiff, you must move the Court no later than September 11, 2017. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Click here for more information: http://monteverdelaw.com/securities/. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC
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