November 03, 2023
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.
August 03, 2023
Directors and officers of Stanley Black & Decker Inc. made material misrepresentations to investors about high consumer demand during the COVID-19 pandemic, inflating the stock price before the truth was revealed and it began to fall, according to a derivative lawsuit filed by a shareholder in the District of Connecticut.