NEW
YORK, May 17, 2023 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders of
Stanley Black & Decker,
Inc..
Shareholders who purchased shares of SWK during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/stanley-black-decker-inc-loss-submission-form/?id=39469&from=4
CLASS PERIOD: October 28,
2021 to July 28, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) rising
interest rates, inflation, and trends in returning to work away
from home were in fact quickly eroding then-heightened demand for
Stanley's tools and outdoor products; (ii) the heightened,
extraordinary demand Stanley had enjoyed as a result of the
COVID-19 pandemic in 2021 into 2022 was returning to 2019
pre-pandemic levels; (iii) Stanley's operations were already
showing signs of slowing demand; (iv) as a result of
reorganization, share repurchasing, and dividend growth, Stanley
lacked the cash to react with agility to changes in demand; and (v)
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. As a result of the
foregoing, Stanley's public statements were materially false and
misleading at all relevant times.
DEADLINE: May 23, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/stanley-black-decker-inc-loss-submission-form/?id=39469&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SWK during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is May 23, 2023. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm