Investigations

GRABAR LAW OFFICE INVESTIGATES POTENTIAL SHAREHOLDER DERIVATIVE ACTION ON BEHALF OF CURRENT SHAREHOLDERS OF SPECTRUM BRANDS HOLDINGS, INC. AFTER IT AGREES TO SETTLE SHAREHOLDER ACTION FOR $36,000,000 (NYSE: SPB)

Spectrum Brands Holdings, Inc. has agreed to settle a securities class action for $36 million.  

Current Spectrum Brands shareholders who have held shares of Spectrum Brands stock since at least January 26, 2017, can seek corporate reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate. 

The underlying class action alleged that the Company and the Individual Defendants made a series of materially misleading statements and omissions regarding the Company’s operations and financial results during the Class Period of January 26, 2017 to November 19, 2018.

If you would like to learn more about this matter at no cost to you, please fill out the form provided or contact us at jgrabar@grabarlaw.com or call 267-507-6085. $SPB

Click here to review the Spectrum Brands Holdings, Inc. Derivative Retainer Letter.

Contact Us

Please enter your name.
Please enter a valid phone number.
Please enter a message.

Spectrum Brands Holdings, Inc. (NYSE: SPB) Investigation

Specifically, the class action complaint alleges that Defendants falsely stated that Spectrum was successfully executing two major supply-chain consolidation projects in its Global Auto Care (“GAC”) and Hardware and Home Improvement (“HHI”) divisions, when in fact the GAC and HHI consolidations were suffering from fundamental logistical, operational, and technical problems that were far more serious than those disclosed to investors. The class action complaint further alleges that the prices of Spectrum’s common stock were artificially inflated during the Class Period as a result of Defendants’ allegedly false and misleading statements, and the stock price declined when the truth was revealed. 

Unlike a class action, brought on behalf of damaged investors, a shareholder derivative action is an action brought by a shareholder of a public company on behalf of and for the benefit of the company itself against the directors and/or officers of that company. In a derivative action, shareholders “step into the shoes” of the directors and officers of a company and bring litigation that the board would be unwilling to pursue on its own.

Current Spectrum Brands shareholders who have held shares of the Company’s stock since January 26, 2017, can seek corporate reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate.

Standard Derivative Form Retainer

Standard Form Derivative Retainer Letter - No Cost
  • Join This Action

  • Alternatively, you may upload your transactions using the upload button below or email them to jgrabar@grabarlaw.com. *

  • Drop files here or
    Max. file size: 100 MB.
    • Signed pursuant to California Civil Code Section 1633.1, et seq. and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.
    • Date of signing: *

    • MM slash DD slash YYYY
    • This field is for validation purposes and should be left unchanged.