Class Action Accuses Newell of Channel Stuffing
Bucks County Employees Retirement Fund filed a securities suit against NWL accusing management of failing to adequately disclose how backed up the retail channel was in 2017, when it was trying to digest the Jarden acquisition. Newell used steep promotional discounts to load up retailers with excess inventory in advance of the 2017 Back-to-School and Holiday selling seasons, according to the ... Log in to view full article.