Updated: August 20, 2020
Status: Settled
On August 16, 2019, plaintiff Plymouth County Retirement Association filed an amended securities class action complaint against Spectrum Brands Holdings, Inc. (“Spectrum” or the “Company”) relating to the merger between Spectrum Brands Legacy, Inc. (“Old Spectrum”) and HRG Group, Inc. (“HRG”). Spectrum, formerly known as HRG, is a global branded consumer products company that manufactures, markets, and distributes a wide array of products, including for example: plumbing and hardware, pet supplies, household products and repellents, and auto care goods. The amended complaint asserted claims for violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933. The Complaint alleges that the Registration Statement for the July 13, 2018, merger of Old Spectrum and HRG contained false statements and omissions of material fact. These alleged misstatements primarily concerned undisclosed materially adverse contentions, trends, and uncertainties involving Old Spectrum’s inventory, supply chain, segment goodwill, and operational efficiencies, and are alleged to have caused the Settlement Class to suffer losses after the merger. On August 20, 2020, the Court approved the Settlement, Plan of Allocation, and request for attorneys’ fees and expenses
The case is Plymouth County Retirement Association v. Spectrum Brands Holdings, Inc., et al., No. 19-cv-982. Labaton Sucharow represents plaintiff Plymouth County Retirement Association. The defendants are Spectrum, HRG, and certain of their officers and directors.
Submit Claim Form
If you purchased or otherwise acquired common stock of Spectrum, as successor-in-interest to HRG, pursuant or traceable to the Registration Statement for the July 13, 2018, merger of Old Spectrum and HRG, you may be entitled to a payment from a class action settlement. To be eligible for a payment, you must submit a Claim Form to the Claims Administrator by October 2, 2020.
Notice of Motion and Motion for Final Approval of Class Action Settlement
Memo of Law ISO Plaintiff’s Motion for Final Approval of Class Action Settlement
Lead Counsel’s Notice of Motion and Motion for an Award of Attorneys’ Fees and Payment of Expenses
Memo of Law ISO of Lead Counsel’s Motion for an Award of Attorneys’ Fees and Payment of Expenses
Declaration of Jonathan Gardner and Exhibits 1-8
Useful Links
Our Locations
New York
140 Broadway
New York, NY 10005
212-907-0700
Delaware
222 Delaware Avenue, Suite 1510
Wilmington, DE 19801
302-573-2540
Useful Links
Washington, D.C.
1050 Connecticut Avenue, NW, Suite 500
Washington, D.C. 20036
212-907-0700
The materials appearing on this website are provided for informational purposes only and do not constitute legal advice. You should not take action based upon this information without consulting legal counsel. This site is not intended to create an attorney-client relationship. The hiring of a lawyer is an important decision that should not be based solely upon any single source of information, including advertising on this website. You may ask us to send you further information about us, and we urge you to review other sources of information about us.