NEW YORK, NY / ACCESSWIRE / May 16, 2023 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Stanley Black & Decker, Inc. (NYSE:SWK)
CONTACT JAKUBOWITZ ABOUT SWK:
https://claimyourloss.com/securities/stanley-black-decker-inc-loss-submission-form/?id=39466&from=1
Class Period : October 28, 2021 - July 28, 2022
Lead Plaintiff Deadline : May 23, 2023
The filed complaint alleges that defendants made 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...
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