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SWK.US
id: 641, Created by Stan Vick Chase, Scout
Join Stanley Black & Decker (SWK) Misleading Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Stanley Black & Decker stated significantly slower demand & sharp projection cut.
- $SWK price declined by over 16%, damaging investors.
- Investors suspect $SWK and its officers of misleading.
On July 28, 2022, Stanley Black & Decker (SWK) issued financial and operational results for Q2 2022, and the press release stated 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”, “the softening of the demand environment accelerated rapidly during the last portion of the quarter”, and that “net sales for the quarter were … partially offset by lower volume (-13%).”.
On this news, the $SWK price declined by over 16%, damaging investors.
The financial media and analysts were quick to react to the news, with analysts from Mizuho Financial Group stating that the massive guidance cut “truncates anything that occurred in the quarter”, adding “this is significantly worse than we could have imagined.”
Taking all representations and appeared results into account, Investors have reasons to suspect $SWK and its officers of misleading statements and representations.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
28 July 2022
Case number
23-CV-00369
Filing date
24 March 2023
Class period Start
28 October 2021
Class period End
28 July 2022
Lead Plaintiff Deadline
23 May 2023
Court
District of Connecticut