The Shuman Law Firm Investigates HD Supply Holdings, Inc.
February 15 2018 - 3:53PM
Business Wire
The Shuman Law Firm announces that it is investigating potential
claims against certain officers and directors of HD Supply
Holdings, Inc. (“HD Supply” or the “Company”) (Nasdaq: HDS). HD
Supply is an Atlanta, Georgia-based commercial distributor which
provides products and services to customers across a variety of
industrial sectors in the United States.
The Firm’s investigation focuses on allegations raised in a
class action lawsuit filed against HD Supply and certain of the
Company’s senior officers and directors that the Company's
Facilities Management supply chain was not progressing as expected
and would require substantial additional investment, that HD Supply
was preparing to sell its Waterworks segment, and that as a result
of the foregoing, the Company’s public statements were false and
misleading and/or lacked a reasonable basis. In addition, the class
action complaint alleges that while the Company's stock price was
artificially inflated, certain HD Supply senior executives
exploited their positions as corporate fiduciaries of HD Supply and
sold their personal stock holdings for millions of dollars in
insider profits, while in possession of material, adverse, and
non-public information regarding the Company's operations and
business prospects.
If you currently own HD Supply common stock and are interested
in discussing your rights, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll
free at (866) 569-4531 or email Mr. Shuman at kip@shumanlawfirm.com
or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20180215006368/en/
The Shuman Law FirmKip B. Shuman, Esq.,
866-569-4531kip@shumanlawfirm.comorRusty E. Glenn, Esq.,
866-569-4531rusty@shumanlawfirm.comorFax: 303-536-7849Web:
www.shumanlawfirm.com
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