Resideo Technologies, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Resideo Technologies, Inc.
Date Filed:November 8th, 2019
Sector:Capital Goods
Industry:Wholesale Distributors
Class Start Date:October 10th, 2018
Class End Date:October 22nd, 2019

According to the Complaint, Resideo Technologies, Inc. purports to be a global provider of products, software, solutions, and technologies that help homeowners stay connected and in control of their comfort, security, and energy use.

The Complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding Resideo's business and prospects. Specifically, the Complaint alleges Defendants failed to disclose that the negative operational effects of the spin-off were more substantial and persistent than disclosed and had negatively affected the Company's product sales, supply chain, and gross margins, putting Resideo's fiscal 2019 financial forecasts at risk, and that, as a consequence, the Company's financial guidance lacked a reasonable basis and the Company was not on track to make its fiscal 2019 guidance as Defendants had claimed.

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First Identified Complaint

St. Clair County Employees' Retirement System, et al. v. Resideo Technologies, Inc., et al.

Date Filed:November 8th, 2019
Class Period Start:October 10th, 2018
Class Period End:October 22nd, 2019
First Identified Complaint Filings
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