ADM - ADM Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Archer-Daniels-Midland Company Class Action | Benzinga
SAN DIEGO, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Archer-Daniels-Midland Company (NYSE:ADM) stock between April 30, 2020 and January 22, 2024. Archer Daniels is an agricultural supply chain manager and processor that operates through three main business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The Nutrition segment is engaged in the manufacturing, sale, and distribution of a range of ingredients and solutions, including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, and other specialty food and feed ingredients.
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What is this Case About: Archer-Daniels-Midland Company (ADM) Failed to Disclose its Improper Accounting Practices
According to the complaint, during the class period, defendants made positive statements about the Nutrition segment as a future profit-driver for the Company, with the ability to capitalize on healthier eating trends and rising consumer demand for natural ingredients and flavoring. Defendants also created the impression that the Nutrition segment's growth would provide more diversification and earnings stability for Archer Daniels.
Unbeknownst to investors, however, the Nutrition segment's ostensibly impressive growth from 2020 ...