SAN DIEGO, March 27, 2023 (GLOBE NEWSWIRE) —

The class: Robbins LLP reminds investors that a shareholder has filed a class action lawsuit on behalf of all individuals and entities that purchased or otherwise acquired Stanley Black & Decker, Inc. SWK Common Stock between October 28, 2021 and July 28, 2022 for violations of the Securities Exchange Act of 1934. Stanley Black & Decker, Inc. is located in the US, Canada, Rest of America, France, Rest of Europe and Asia.

What now: Shareholders in a similar situation may be eligible to participate in the class action lawsuit against Stanley. Shareholders wishing to serve as lead plaintiffs in the class action should contact Robbins LLP for more information. A lead plaintiff is a representative party acting on behalf of other group members in conducting the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information Here.

All representations are on a contingency fee basis. Shareholders pay no fees or costs.

What is it about in this case: Stanley Black & Decker, Inc. (SWK) has misled investors as to the sustainability of consumer demand for its products

According to the complaint, during the class-action period, the defendants misrepresented to investors and the public that despite rising inflation and interest rates and Stanley’s multiple rounds of product price hikes, the pandemic-related increased consumer demand for tools and outdoor products was sustained through 2022 due to ongoing construction and DIY projects. The defendants also misrepresented to investors during the class period that they closely monitored the impact of inflation and price increases on consumer demand and that the defendants would respond accordingly if the demand environment changed.

On April 28, 2022, the defendants issued a series of partially corrective disclosures, explaining that Stanley’s Tools and Outdoor net sales for the company’s first fiscal quarter of 2022 decreased…