NEW ORLEANS, April 18, 2023 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time May 23, 2023 Filing of Lead Plaintiff’s Motions in a Securities Class Action Against Stanley Black & Decker, Inc. SWKif you purchased the Company’s Shares between October 28, 2021 and July 28, 2022 inclusive (the “Class Period”). This lawsuit is pending in the United States District Court for the District of Connecticut.

What you can do

If you have purchased Stanley stock and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner Lewis Kahn toll-free, without obligation and at no cost to you, at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-swk/ to learn more. If you wish to appear as a lead plaintiff in the class action, you must file an application with the court May 23, 2023.

About the lawsuit

Stanley and certain of its officers are alleged to have failed to disclose material information during the class period in violation of federal securities laws.

On July 28, 2022, the company released its second quarter 2022 results and announced that “significantly slower demand in late May and June [] driven most of the challenges we faced this quarter,” including net income for the quarter, which increased from $459.5 million to

As a result of this news, shares of Stanley plunged over 16%, from a closing price of $117.45 per share the night before to a closing price of $98.58 per share on July 28, 2022 on heavy trading volume.

The case is Rammohan v. Stanley Black & Decker, Inc., et al., No. 23-cv-00369.

About Kahn Swick & Foti, LLC

KSF, which partners with former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading…