Stanley Black & Decker, Inc
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
Stanley Black & Decker, Inc. has been accused of misleading investors about the sustainability of consumer demand for its products during the pandemic. The company allegedly misrepresented to investors that pandemic-fueled demand for tools and outdoor products would continue through 2022, despite rising inflation and interest rates and multiple rounds of product price increases. In April 2022, the company issued partial corrective disclosures revealing that its Tools and Outdoor net sales had dropped, resulting in a decrease in earnings per share guidance for 2022. In July 2022, the company released its Q2 results, stating that significantly slower demand in late May and June had caused sales volumes to shrink by double digits and cutting its 2022 earnings per share guidance by nearly half. This news caused a 16% day-over-day drop in Stanley’s common stock.
