Company: HD Supply Holdings, Inc.
Kaskela Law LLC is investigating HD Supply Holdings, Inc. (NASDAQ: HDS) (“HD Supply” or the “Company”) on behalf of the Company’s current stockholders.
In 2017, a shareholder class action complaint was filed against the Company in federal court on behalf of certain purchasers of HD Supply’s common stock. Among other things, the shareholder complaint alleged that HD Supply and certain of the Company’s senior executive officers violated the federal securities laws by making a series of materially false and misleading statements to shareholder about HD Supply’s business, operations, and prospects. Recently the federal court presiding over the litigation denied defendants’ motion to dismiss the class action complaint, paving the way for litigation to proceed against HD Supply and certain senior executive officer defendants.
Kaskela Law LLC is investigating whether the members of HD Supply’s Board of Directors failed to properly fulfill their fiduciary duties to the Company and its stockholders in connection with the above.
HD Supply stockholders who purchased shares of the Company’s stock prior to January 1, 2018 are encouraged to contact the firm to discuss their legal rights and potential recovery options.