Helen of Troy told shareholders that “despite the delayed savings related to our Tennessee distribution center, Project Pegasus continues to move forward.” A securities class action says that kind of upbeat talk misled investors.
The Schall Law Firm is reminding people who bought Helen of Troy Limited securities (NASDAQ: HELE) between April 24, 2024 and October 8, 2025, inclusive, to contact the firm before August 3, 2026. The suit alleges violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
Project Pegasus
According to the complaint, the company misled investors about how well its Project Pegasus restructuring program was going. It touted the “fuel” the program produced even while acknowledging “implementation hiccups.” The quote continues: “We have made good progress on the cost of goods sold work streams, implementing multiple projects that reduce costs and simplify our supplier base.”
The suit says that, given the facts, those public statements were false and materially misleading throughout the class period. Investors suffered damages, it says, when the market learned the truth. Helen of Troy has not been found liable, and the claims are allegations.
Where things stand
The class has not been certified. Until it is, investors are not represented by an attorney. Anyone who does nothing can remain an absent class member.
Schall invites investors to contact Brian Schall at 2049 Century Park East, Suite 2460, Los Angeles, or at 310-301-3335, to discuss their rights free of charge. The firm describes itself as a national shareholder rights litigation firm that represents investors around the world and specializes in securities class actions.
