Notice to Scotts Miracle-Gro (SMG) ShareholdersNotice to Scotts Miracle-Gro (SMG) Shareholders Class Period: November 3, 2021 to August 1, 2023 Allegations: SMG is accused of misleading investors about its inventory levels and engaging in “channel stuffing” to meet financial covenants. Legal Representation: The Gross Law Firm is investigating potential legal action on behalf of SMG shareholders. They are seeking to appoint a lead plaintiff for a class action lawsuit. Contact Information: Shareholders who purchased SMG shares during the class period are encouraged to contact the Gross Law Firm by: * Visiting the website: https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submission-form/ * Calling: (646) 453-8903 * Emailing: [email protected] Deadline: August 5, 2024 Additional Information: * There is no cost or obligation to participate in the lawsuit. * Past results do not guarantee similar outcomes. * The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investor rights. About the Gross Law Firm: The Gross Law Firm is a New York-based law firm specializing in shareholder class actions. They represent investors who have suffered losses due to corporate misconduct or fraud.
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
