HENDERSONVILLE, TN / ACCESSWIRE / May 19, 2019 / The Law Offices of Timothy L. Miles informs investors there have been class action lawsuits filed against Spectrum Brands Holdings Inc. ("Spectrum" or the "Company") (SPB) and certain of its officers accusing the Company of inflating the stock price and asserting alleged violations of the Securities and Exchange Act of 1934 between June 14, 2016 and November 16, 2018. Spectrum is a consumer products company manufacturing, marketing, and distributing a variety of products in approximately 160 countries..

According to the complaint, between 2016 and 2018, Spectrum had been falsely reassuring investors of its progress with its improvement initiatives, which included the development of its Ohio and Kansas distribution centers. While telling investors that the distribution centers were on track to help reduce expenses and inventory, Spectrum failed to mention the self-inflicting, recurring operational issues in those facilities. Former CEO Andreas Rouve repeatedly downplayed the glitches regarding the construction and operation of the distribution. However, the truth was revealed in an April 2018 conference call when new CEO David Maura admitted to long term problems with the facilities and the prolonged recovery period. On this news, Spectrum's stock fell approximately 20, to close at $75.01 per share on April 26, 2018. Then, in November 2018, Spectrum announced a $92.5 million goodwill write down stemming from the inadequately performed consolidation projects. On this news, Spectrum's stock fell another 19%. Since then, the stock has continued to fall and trades significantly below the stock's class period high.

If you purchased Spectrum securities, 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 Timothy L. Miles, Esquire, at 615-587-7384, Toll-Free at 855-846-6529, or by email to tmiles@timmileslaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.

About Timothy L.Miles

Timothy L. Miles has dedicated his career to representing shareholders in complex class-action litigation and has lead the fight to protect shareholder rights for over 17 years. Memberof the Top 100 Civil Plaintiff Trial Lawyers: The National Trial LawyersAssociation (2017-2019); AV® Preeminent™ Rating byMartindale-Hubble® (2014-2019); PRR AV Preeminent Rating on Lawyers.com(2017 & 2019); TheTop-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability(Martindale-Hubble® 2015); SuperbRated Attorney (Avvo); AvvoTop Rated Lawyer for 2017 & 2018 (Avvo); America's Most Honored Professionals2018 - Top 1% (The American Registry 2016-2018).