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INVESTOR ALERT: Kaskela Law LLC Announces Investigation of Spectrum Brands Holdings, Inc. on Behalf of Investors - SPB

ACCESSWIRE

RADNOR, PA / ACCESSWIRE / September 27, 2018 / Kaskela Law LLC is investigating claims on behalf of investors of Spectrum Brands Holdings, Inc. ("Spectrum Brands" or the "Company") (SPB). The investigation concerns whether Spectrum Brands and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices, and whether Spectrum Brands investors have been harmed as a result.

Spectrum Brands investors who wish to discuss this investigation and their legal options are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esquire) at (888) 715 - 1740, or skaskela@kaskelalaw.com, to discuss this investigation and their legal rights and options. Additional information about this investigation may also be found online at http://kaskelalaw.com/case/spectrum-brands/.

On April 26, 2018, Spectrum Brands disclosed that the Company's "second quarter performance was very disappointing" as a result of "challenges related to our two greenfield manufacturing and distribution projects." Additionally, the Company disclosed that "external cost headwinds and mix combined to deliver a significant negative impact on our sales and margins," and that "the magnitude of our second quarter shortfall and manufacturing and distribution center start-up inefficiencies has caused us to lower our full-year adjusted EBITDA guidance from continuing operations by $57 million at the mid-point and adjusted free cash flow on a total company basis by $135 million."

Following thisnews, shares of Spectrum Brands' common stock declined $19.22 per share, or over 20%, to close on April 26,2018 at $75.01, on heavy trading volume.

Spectrum Brands' investors are encouraged to contact Kaskela Law LLC to discuss this investigation and their legal rights and options. Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:

Kaskela Law LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 - 1585
(888) 715 - 1740
skaskela@kaskelalaw.com
www.kaskelalaw.com

SOURCE: Kaskela Law LLC