NWL - Newell Brands And Former CEO Fined For Misleading Investors About Sales Performance | Benzinga
Georgia-based consumer products company Newell Brands Inc. (NASDAQ: NWL) has been charged by the U.S. Securities and Exchange Commission for misleading investors about its core sales growth.
"Today's order finds that Newell's former CEO issued an instruction to 'scrub' the company's accruals after he learned that the company was projecting a 'massive' and 'disappointing' miss for the quarter," said Mark Cave, Associate Director of the SEC's Division of Enforcement.
The ...