NEW ORLEANS, July 21, 2017 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 11, 2017 to file lead plaintiff applications in a securities class action lawsuit against HD Supply Holdings, Inc. (Nasdaq:HDS), if they purchased the Company’s securities between November 9, 2016 and June 5, 2017, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Georgia.
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About the Lawsuit
HD Supply Holdings and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) HD Supply’s 2017 operating and growth leverage guidance was not feasible (ii) the recovery of its Facilities Maintenance supply chain was not in line with prior expectations and planning; (iii) the sale of its Waterworks segment was being explored; (iv) Defendant Joseph DeAngelo, with full knowledge of these undisclosed materially-adverse facts, sold off his personal holdings of HD Supply stock, resulting in over $54 million in profits; and (v) as a result of the foregoing, HD Supply’s financial statements were materially false and misleading at all relevant times.
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