We are investigating Newell Brands, Inc. (NWL) (“Newell” or the “Company”) for potential violations of the federal securities laws.
On March 2, 2020, Newell disclosed that “[o]n January 31, 2020, the Company received a subpoena from the U.S. Securities and Exchange Commission (the ‘SEC’) primarily relating to its sales practices and certain accounting matters during the period from January 1, 2016 to the date of the subpoena.” Newell specified that “[t]he subpoena followed various informal document requests from the SEC staff, including several requests primarily related to the impairment of goodwill and other intangible assets.” On this news, Newell’s stock price fell $0.98 per share, or 5.96%, to close at $15.47 per share on March 3, 2020.