Scotts Miracle-Gro Class Action LawsuitScotts Miracle-Gro Class Action Lawsuit Company: The Scotts Miracle-Gro Company (SMG) Class Period: November 3, 2021 to August 1, 2023 Allegations: * Scotts executives misled investors about excessive inventory that far exceeded demand. * They pressured retailers to buy more inventory than needed, leading to channel stuffing. * Scotts’ executives used this practice to artificially inflate the company’s financial performance. Accused: * Scotts Miracle-Gro Company and its executives Potential Damages: * Investors who purchased SMG stock during the class period may have suffered losses as a result of the alleged misconduct. Deadline: * August 5, 2024 Lead Plaintiff: * The Gross Law Firm is encouraging shareholders who purchased SMG stock during the class period to contact them to discuss potential appointment as lead plaintiff. Next Steps: * Shareholders who have not yet registered can do so here: https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submission-form/?id=89669&from=3 * Lead plaintiff designation is not required to participate in the case. * Shareholders can monitor updates through a portfolio monitoring software provided by the Gross Law Firm. About the Gross Law Firm: * A nationally recognized class action law firm specializing in investor protection. * Committed to holding companies accountable for deceptive business practices. * Compensation is only sought if damages are recovered. Contact Information: The Gross Law Firm 15 West 38th Street, 12th Floor New York, NY, 10018 Email: [email protected] Phone: (646) 453-8903
NEW YORK, July 9, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm is issuing the following notice to shareholders of The company Scotts Miracle-Gro (NYSE: SMG).
Shareholders who purchased SMG shares during the applicable class period are encouraged to contact the firm regarding the potential appointment of lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
CONTACT US HERE:
The Scotts Miracle-Gro Company Loss Submission Form
CLASS PERIOD: November 3, 2021 to August 1, 2023
ACCUSATIONS: According to the complaint, defendants falsely stated and/or failed to disclose that Scotts had an excess supply of inventory that far exceeded consumer demand. Recognizing the problem, Scotts executives engaged in a plan to stuff the company’s sales channel with more product than retailers could sell to end users, a practice that required Scotts sales personnel to pressure retailers to purchase more inventory than they wanted or needed. Ultimately, Scotts was able to satisfy its covenants only through the channel stuffing plan.
DEADLINE: August 5, 2024 Shareholders should not hesitate to register for this class action. Please register your information here: https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submission-form/?id=89669&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased SMG stock during the timeframe noted above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to attempt to become a lead plaintiff is August 5, 2024. There is no cost or obligation for you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm whose mission is to protect the rights of all investors who have suffered losses as a result of deception, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks to recover damages on behalf of investors who have suffered losses when a company’s false and/or misleading statements or omissions of material information resulted in artificial inflation of the company’s stock. Attorney Advertisement. Past results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email address: [email protected]
Phone: (646) 453-8903
