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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Hamilton Beach Brands Holding Company – HBB - Odessa American: Business

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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Hamilton Beach Brands Holding Company – HBB

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Posted: Friday, May 15, 2020 2:27 pm | Updated: 2:45 pm, Fri May 15, 2020.

NEW YORK--(BUSINESS WIRE)--May 15, 2020--

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Hamilton Beach Brands Holding Company (NYSE: HBB) resulting from allegations that Hamilton Beach Brands may have issued materially misleading business information to the investing public.

On May 11, 2020, Hamilton Beach Brands announced that it could not timely file its first quarter 2020 quarterly report due to “certain accounting irregularities with respect to the timing of recognition of selling and marketing expenses and the classification of certain expenditures within the statement of operations at its Mexican subsidiary.” Hamilton Beach Brands further stated that its “Audit Review Committee has commenced an internal investigation” regarding “the realizability of certain assets of the Mexican subsidiary.”

On this news, the Company's share price fell $1.03, or almost 9%, to close at $10.43 per share on May 11, 2020, damaging investors.

Rosen Law Firm is preparing a securities lawsuit on behalf of Hamilton Beach Brands shareholders. If you purchased securities of Hamilton Beach Brands please visit the firm’s website at http://www.rosenlegal.com/cases-register-1856.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen—firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200515005543/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40thFloor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

cases@rosenlegal.com

www.rosenlegal.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Rosen Law Firm, P.A.

Copyright Business Wire 2020.

PUB: 05/15/2020 03:27 PM/DISC: 05/15/2020 03:27 PM

http://www.businesswire.com/news/home/20200515005543/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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