NEW YORK, July 18, 2017 /PRNewswire/ -- Juan
Monteverde, founder and managing partner at Monteverde &
Associates PC, a boutique securities firm headquartered at the
Empire State Building in New York
City announces that a class action lawsuit has been filed
against HD Supply Holdings, Inc. (NasdaqGS: HDS)("HD Supply" or the
"Company") on behalf of purchasers of the Company's
securities between November 9,
2016 and June 5, 2017,
inclusive (the "Class Period").
The lawsuit is based on whether HD Supply and its executives
violated federal securities law by misleading investors by making
false and/or misleading statements regarding the Company's business
by failing to disclose: (1) that the Company's 2017 full year
growth and operational leverage targets were unreachable; (2) that
the operation recovery of its Facilities Maintenance supply chain
was not going as planned; and (3) The sale of HD Supply's
Waterworks segment; and (4) that the Company's CEO Joseph J. DeAngelo, with full knowledge of the
undisclosed facts, sold personal shares of HD Supply stock that
netted him over $54 million in
proceeds. When this news was released, the Company's stock price
fell materially, which harmed investors according to the
Complaint.
Mr. Monteverde would like to personally discuss with you how
to potentially recover your monetary losses, if incurred during the
Class Period.
If you wish to serve as lead plaintiff, you must move the Court
no later than September 11,
2017. Any member of the putative class may move the
Court to serve as lead plaintiff through counsel of their choice,
or may choose to do nothing and remain an absent class member.
Click here for more information:
http://monteverdelaw.com/securities/. It is free
and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed that has
recovered millions of dollars and is committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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SOURCE Monteverde & Associates PC