October 02, 2026
A Connecticut federal judge Friday refused to toss a proposed securities class action alleging Stanley Black & Decker touted strong demand for its key Tools & Outdoor division while demand was allegedly declining, finding former employees' accounts of internal sales meetings supported an inference that executives knew their statements were misleading.
March 27, 2023
Stanley Black & Decker Inc. excited investors with forecasts of robust long-term demand in its key Tools & Outdoor product division, but the stock price plunged when the company disclosed disappointing sales in the first half of 2022, according to a proposed securities class action filed in Connecticut federal court.