Spectrum Brands Holdings, Inc. Investors: Company Investigated by the Portnoy Law Firm

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into possible securities fraud involving Spectrum Brands Holdings, Inc. and may file a class action on behalf of affected investors [1][2]. Financial Performance and Events - On April 26, 2018, Spectrum reported disappointing financial results for Q2 2018, leading to CEO Andreas Rouvé's resignation and a stock price drop of approximately 22.1%, from $93.14 to $72.56 per share [3]. - On November 16, 2018, Spectrum disclosed another poor quarter, resulting in a $92.5 million goodwill write-down for GAC, causing the stock price to decline by 19%, from $59.35 to $48.05 per share [4]. Legal Proceedings - In January 2019, Spectrum sold its GAC division to Energizer Holdings, Inc. Subsequently, Lead Plaintiffs were appointed for a class action lawsuit concerning securities purchased between January 26, 2017, and November 19, 2018 [5]. - A settlement agreement for $39 million was reached on August 10, 2020, but faced challenges leading to an amended notice being issued in April 2021 [6]. - A new settlement agreement for $32 million was established on August 27, 2021, with final approval granted on March 18, 2022 [7]. Settlement Distribution - The claims administration process concluded with the first distribution of the net settlement fund occurring in December 2022, followed by additional distributions in October 2023 and August 2025 [8].