NYSE: SMG Lawsuit Alert: Investors who lost money with The Scotts Miracle-Gro Company (NYSE: SMG) shares should contact the Shareholders Foundation
NYSE: SMG Lawsuit Alert: Investors who lost money with The Scotts Miracle-Gro Company (NYSE: SMG) shares should contact the Shareholders Foundation
PR Newswire
SAN DIEGO, July 2, 2024
SAN DIEGO, July 2, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in The Scotts Miracle-Gro Company (NYSE: SMG) shares.
Investors who purchased shares of The Scotts Miracle-Gro Company (NYSE: SMG) prior to November 2021 and continue to hold any of those NYSE: SMG shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On June 06, 2024, an investor in shares of The Scotts Miracle-Gro Company (NYSE: SMG) filed a lawsuit alleging violations of securities laws by The Scotts Miracle-Gro Company. The plaintiff alleged that the defendants repeatedly assured investors that the Company's inventory levels were appropriate, while attributing strong sales to "selling through high-cost inventory," which resulted in "peak selling" and "record" shipments, that the Defendants repeatedly assuaged investors' concerns about the Company's debt, stating that they were "optimistic we will remain within the bounds of our bank covenants" and "[did] not see leverage compliance issues going forward", and that as a result of these misrepresentations, Scotts common stock traded at artificially inflated prices between November 3, 2021 and August 1, 2023.
Those who purchased shares of The Scotts Miracle-Gro Company (NYSE: SMG) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE Shareholders Foundation, Inc.
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Best- and Worst-Performing Stocks of Q2 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations