Miracle-Gro Investors: Class Action Lawsuit Filed

Investors can contact law firm for free to learn more about recovering losses

LOS ANGELES, June 28, 2024 (GLOBE NEWSWIRE) — Portnoy Law Firm notifies investors of The Scotts Miracle-Gro Company (“Scotts” or the “Company”) (NYSE: SMG) that a class action lawsuit has been filed on behalf of the company by investors. We encourage Scottish investors who have lost money on their investment to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy at 310-692-8883 or [email protected] to discuss their rights or click here to join the case via www. portnoylaw.com. Portnoy Law Firm can evaluate your case free of charge and discuss investors’ options for pursuing claims to recover their losses.

On June 6, 2024, a complaint was filed against the Company and certain of its current and former officers and directors alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Scotts Miracle-Gro had an oversupply of inventory that significantly exceeded consumer demand; and (ii) Scotts Miracle-Gro management engaged in a scheme to saturate the Scotts Miracle-Gro sales channel with more product than retailers could sell to end users, which required Scotts Miracle-Gro sales personnel to pressure retailers to purchase more inventory than they wanted or needed.

When investors learned the truth, the value of Scotts common stock fell precipitously, hurting them.

Visit our website for more information and to submit your transaction details.

Portnoy Law Firm represents investors in pursuing claims resulting from corporate irregularities. The company’s founding partner recovered over $5.5 billion for injured investors. Attorney advertising. Past performance does not guarantee similar results.

Lesley F. Portnoy, Attorney at Law
Admitted to the bar in California and New York
[email protected]
310-692-8883
www.portnoylaw.com
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