We are investigating Church & Dwight Co., Inc. (CHD) (“Church & Dwight” or the “Company”) for potential violations of the federal securities laws.
On September 5, 2019, Spruce Point Capital Management (“Spruce Point”) published a report on Church & Dwight, articulating “significant concerns” about the Company. Specifically, among other issues, Spruce Point asserted that Church & Dwight’s “strategy has pivoted towards extreme financial engineering, aggressive accounting, and managerial self-enrichment practices” and that the Company was “using bold and potentially misleading language to promote” its acquisition of the FLAWLESS brand of hair removal products, announced in May 2019. On this news, Church & Dwight’s stock price fell sharply during intraday trading on September 5, 2019.