RADNOR, PA / ACCESSWIRE / October 13, 2018 / Kaskela Law LLC is investigating HD Supply Holdings, Inc. (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 shareholders 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 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.
Current HD Supply stockholders who would like more information about their rights and potential remedies are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, via email at firstname.lastname@example.org. Additional information about this investigation may also be found online at http://kaskelalaw.com/case/hd-supply/.
Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
SOURCE: Kaskela Law LLC