Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Newell Brands Inc. (“Newell” or the “Company”) (NYSE: NWL) securities between February 6, 2017 and January 24, 2018, inclusive (the “Class Period”). Newell investors have until August 20, 2018 to file a lead plaintiff motion.

Investors that suffered losses on their Newell investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On January 25, 2018, Newell announced expected 2017 core sales significantly below previous guidance partly due to ongoing retailer inventory problems. The Company further disclosed that it was considering significantly restructuring Newell’s overall business by divesting industrial and commercial assets, resulting in a 50% reduction in its customer base and global factory and warehouse footprint. That same day, the Company disclosed the resignations of three members of its Board. On this news, shares of Newell fell $6.42, or 21% to close at $24.81 on January 25, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Newell Brands' retail channel was loaded with extremely high levels of unsold Newell Brands product; (2) contrary to defendants' representations, the build-up of Newell Brands inventory in the retail channel was due to Newell Brands-specific rather than macroeconomic reasons; (3) as a result of the unusually high levels of unsold inventory in the retail channel, Newell Brands was exposed to a heightened risk that it would experience slower sales growth in future periods; and (4) undisclosed managerial and cultural differences in the legacy Newell Brands and Jarden businesses had created significant internal discord that was having a material adverse effect on the Newell Brands' operating performance.

If you purchased shares of Newell during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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