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Applebaum v. Allan et al
Case Number:
3:23-cv-01234
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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November 03, 2023
2 Firms Ask To Lead Stanley Black & Decker Shareholder Case
Two New York firms on Friday asked a Connecticut federal judge to appoint them as co-lead counsel in shareholder lawsuits against Stanley Black & Decker Inc. leaders who allegedly misled investors about consumer demand during the COVID-19 pandemic and failed to mitigate $857.3 million in losses, an unopposed motion indicates.
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September 21, 2023
Stanley Black & Decker Overplayed COVID Boost, Suit Alleges
Leaders of Stanley Black & Decker Inc. were hit in Connecticut federal court Wednesday with a shareholder derivative action alleging they overtouted demand growth the company experienced during the COVID-19 pandemic after subsequent price hikes, climbing interest rates, inflation and declines in remote work caused a downturn.