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Lawsuit for Investors in shares of HD Supply Holdings Inc. (NASDAQ: HDS) Against Directors announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / January 29, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed by a current investor in shares of HD Supply Holdings Inc. (NASDAQ: HDS) against certain directors of HD Supply Holdings Inc over alleged breaches of fiduciary duties.

Investors, who purchased shares of HD Supply Holdings Inc. (NASDAQ: HDS) in November 2016 or earlier and continue to hold any NASDAQ: HDS shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that since at least November 9, 2016 certain defendants caused HD Supply Holdings Inc. to issue false and misleading statements concerning the Company's business, operations, and financial prospects, including misrepresentations regarding operating leverage and supply chain corrective actions. More specifically, certain Defendants caused HD Supply Holdings Inc. to make improper statements and/or failed to disclose that the Company's growth and operating leverage targets for full year 2017 were unattainable, that the operational recovery of the Company's FM supply chain was not progressing as expected and would require substantial additional investment, that HD Supply Holdings Inc. was preparing to sell its Waterworks segment, and that as a result of the foregoing, the Defendants' statements since November 9, 2016 about HD Supply's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

The plaintiff alleges that while the Company's stock price was artificially inflated, certain Defendants exploited their positions as corporate fiduciaries of HD Supply Holdings Inc. and sold their personal stock holdings for millions of dollars in insider profits, while in possession of material, adverse, and non-public information regarding the Company's operations and business prospects.

The plaintiff says on June 6, 2017, the truth about the Company's growth and operating leverage targets began to emerge and HD Supply's stock started to decline as a result. Indeed, shares of HD Supply Holdings Inc. (NASDAQ: HDS) declined from $41.47 on June 2, 2017 to as low as $29.46 per share on July 12, 2017.

Investors, who purchased shares of HD Supply Holdings Inc. (NASDAQ: HDS), should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423

SOURCE: Shareholders Foundation, Inc.

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