Attention SWK Shareholders

Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Securities Fraud Class Action Lawsuit Filed Against Stanley Black & Decker, Inc. (SWK) and Encourages Investors to Contact the Firm - Seite 2

The truth began to be revealed on the morning of April 28, 2022, when Stanley filed a Form 10-Q with the SEC detailing the company's financial and operating results for the first fiscal quarter ended April 2, 2022. Stanley disclosed in the Form 10-Q that net sales for the company's first quarter were "partially offset by a 6% … decrease from volume," revealing that demand was slowing. Following this news, the price of Stanley’s stock declined by $12.01 per share, to close at $127.13 on April 28, 2022.

Then, on July 28, 2022, before the market opened, Stanley issued a press release reporting the company's financial and operational results for the second quarter 2022 ended July 2, 2022. In the release, Stanley indicated that "the macroeconomic environment—including inflation, rising interest rates and significantly slower demand in late May and June—drove the majority of the challenges we faced this quarter," that "the softening of the demand environment accelerated rapidly during the last portion of the quarter." Following this news, Stanley’s stock price declined $18.87, or more than 16%, to close at $98.58 per share on July 28, 2022.

WHAT CAN I DO?
Stanley investors may, no later than May 23, 2023, move the Court to serve as lead plaintiff for the class, through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Stanley investors who have suffered significant losses to contact the firm directly to acquire more information. The class action complaint against Stanley, captioned Rammohan v. Stanley Black & Decker, Inc., et al., and docketed under 23-cv-00369, is filed in the United States District Court for District of Connecticut before the Honorable Kari Anne Dooley.

CLICK HERE TO SIGN UP FOR THE CASE

WHO CAN BE A LEAD PLAINTIFF?
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.