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Pittsburgh Law Office of Alfred G. Yates Jr. PC Announces Investigation on Behalf of Spectrum Brands Holdings, Inc. (SPB) Investors

ACCESSWIRE

PITTSBURGH, PA / ACCESSWIRE / May 4, 2018 / Pittsburgh Law Office of Alfred G. Yates Jr. PC is investigating claims on behalf of investors of Spectrum Brands Holdings, Inc. ("Spectrum" or the "Company") (SPB).

Concerned shareholders who would like more information about their rights and potential remedies may contact attorney Alfred G. Yates Jr. by phone at (412) 391-5164 or 1-844-391-5164; by email at yateslaw@aol.com or info@yatesclassactionlaw.com; or at the firm's website at http://www.yatesclassactionlaw.com.

The investigation concerns whether Spectrum and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

On April 26, 2018, Spectrum issued a press release disclosing that the Company's "second quarter performance was very disappointing" due to "challenges related to our two greenfield manufacturing and distribution projects." On the same day, the Company disclosed that Andreas Rouve was stepping down as Spectrum's Chief Executive Officer and that Spectrum had lowered its fiscal year 2018 adjusted EBITDA guidance from $657-$674 million to $600-$617.

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On this news, Spectrum's share price fell $19.22, or 20.4%, to close at $75.01 on April 26, 2018.

Attorney Advertising. Past results do not guarantee a similar outcome.

Alfred G. Yates Jr., Esquire
Law Office of Alfred G. Yates Jr., PC
(412) 391-5164
1-844-391-5164
yateslaw@aol.com
info@yatesclassactionlaw.com

SOURCE: Law Office of Alfred G. Yates Jr., PC