Author describes a Newell Brands investor settlement over past misleading financial metrics and asks if others held NWL then.
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Hey guys, if you missed it, Newell Brands just settled with investors over misleading financial metrics they had a few years ago.
Long story short, in 2017, Newell Brands was accused of misleading investors by inflating key financial metrics, including “core sales” growth and working capital performance. The company allegedly used aggressive accounting tactics, such as pulling sales forward from future quarters and delaying expense recognition, which painted a stronger financial picture than reality.
After this news came out, the stock dropped X%, and investors filed a lawsuit for their losses.
The good news is that the company finally agreed to settle with them. So, if you invested in $NWL when all of this happened, you can already check the details and file your claim [here](https://11th.com/cases/newellbrands-fairfund).
Anyway, has anyone here invested in $NWL at that time? How much were your losses, if so?