SAN DIEGO, March 24, 2023 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been commenced on behalf of investors of Stanley Black & Decker, Inc. (“Stanley”) SWK. The class action is being brought on behalf of shareholders who purchased Stanley securities between October 28, 2021 and July 28, 2022 inclusive (the “Class Period”). Investors are hereby notified that they have until May 23, 2023 to request the court to appear as lead plaintiff in this lawsuit.
What actions can I take at this time? If you have suffered a loss and would like to learn more about whether you are a Lead Plaintiff, please contact Jim Baker (firstname.lastname@example.org) via email or phone at 619-814-4471. When emailing, please include your phone number.
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The Complaint alleges that Stanley made materially false and/or misleading statements and/or failed to disclose the following: i) Rising interest rates, inflation and trends in the return to work away from home have increased the demand for Stanley tools and outdoor products quickly eroded; (ii) the increased, exceptional demand that Stanley experienced in 2021-2022 as a result of the COVID-19 pandemic no longer existed; (iii) Stanley’s operations were already showing signs of slowing demand; (iv) as a result of the restructuring, share buybacks and dividend growth, Stanley lacked the liquidity to respond flexibly to changes in demand; and (v) as a result of Stanley’s inability to respond to a sharp drop in demand, the Company’s results and metrics, particularly sales volume, have been severely adversely affected.
A lead plaintiff will act on behalf of all other group members in the conduct of the Stanley class action. The lead plaintiff may select a law firm of its choice to conduct the class action. An investor’s ability to share any potential…