Press release
Investigation announced for Long-Term Investors who lost money with shares of The Scotts Miracle-Gro Company (NYSE: SMG) over possible Wrongdoing
An investigation on behalf of current long term investors in The Scotts Miracle-Gro Company (NYSE: SMG) shares.
Investors who are current long term investors in The Scotts Miracle-Gro Company (NYSE: SMG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: SMG stocks follows a lawsuit filed against The Scotts Miracle-Gro Company over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SMG stocks, concerns whether certain The Scotts Miracle-Gro Company directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of Ohio the plaintiff alleges 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) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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