ATLANTA, June 07, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against The Scotts Miracle-Gro Company (“Scotts” or the “Company”) (NYSE: SMG). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information, including allegations that: (i) Scotts had an oversupply of inventory that far exceeded consumer demand; and (ii) Scotts executives engaged in a scheme to saturate the Company’s sales channel with more product than 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.
If you bought Scotts shares between November 3, 2021 and August 1, 2023, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/scotts-miracle-gro/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is August 5, 2024.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
