NEW
YORK, June 28, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of The
Scotts Miracle-Gro Company (NYSE: SMG).
Shareholders who purchased shares of SMG during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submission-form/?id=87836&from=4
CLASS PERIOD: November 3,
2021 to August 1, 2023
ALLEGATIONS: According to the filed complaint, defendants
made false statements and/or concealed that Scotts had an
oversupply of inventory that far exceeded consumer demand.
Recognizing that problem, Scotts executives engaged in a scheme to
saturate the Company's sales channel with more product than those
retailers could sell through 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 only
able to satisfy the covenants through the channel stuffing
scheme.
DEADLINE: August 5, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submission-form/?id=87836&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SMG during the timeframe listed
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 seek to be a lead plaintiff is August 5, 2024. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
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 recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm