Bronstein, Gewirtz and Grossman, LLC Sends Class Action Reminder to Shareholders Urging Scotts Miracle-Gro Company to Join the Class Action!

NEW YORK, NEW YORK / ACCESSWIRE / July 4, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors of the filing of a class action lawsuit against Scotts Miracle-Gro Company (“Scotts Miracle-Gro” or the “Company”) (NYSE:SMG) and certain of its principals.

Class Definition

This lawsuit seeks to recover damages from Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Scotts Miracle-Gro securities between November 3, 2021 and August 1, 2023, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s website at bgandg.com/SMG.

Details of the case

The complaint alleges that throughout the Complaint Period, Defendants made numerous materially false and misleading statements and omissions regarding the Company’s inventory levels, compliance with the terms of its debt covenant, and its financial results. Specifically, the complaint alleges that: (1) Defendants repeatedly assured investors that the Company’s inventory levels were adequate while attributing the high sales to “selling through high-cost inventory,” resulting in “peak sales” and “record” shipments; (2) Defendants repeatedly assuaged investor concerns about the Company’s debt by stating that they were “optimistic that we would remain within our banking covenants” and “saw no problem with compliance with leverage in the future;” and (3) as a result of these misrepresentations, Scotts common stock traded at artificially high prices during the Complaint Period. When the correct information became available, the complaint alleges that investors suffered damages.

What’s next?

The class action lawsuit has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website at bgandg.com/SMG or contact Peretz Bronstein, Esq. or his Client Relationship Manager, Nathan Miller of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in the Scotts Miracle-Gro case, you have until August 5, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to share in any award does not require you to serve as lead plaintiff.

There is no cost to you.

We represent investors in class action lawsuits on a contingency basis. This means that we will ask the court to recover our costs and attorney fees, usually a percentage of the total award, only if we are successful.

Why Bronstein, Gewirtz and Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative lawsuits. Our firm has recovered hundreds of millions of dollars for investors across the country.

Lawyer Advertising. Previous results do not guarantee similar results.

contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz and Grossman, LLC