ADM - ADM DEADLINE ALERT: Bragar Eagel & Squire P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Archer-Daniels-Midland Company and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, March 22, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Archer-Daniels-Midland Company ("ADM" or the "Company") (NYSE:ADM) in the United States District Court for the Northern District of Illinois on behalf of all persons and entities who purchased or otherwise acquired ADM common stock between April 30, 2020 and January 22, 2024, both dates inclusive (the "Class Period"). Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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The lawsuit alleges that over the past decade, Archer-Daniels-Midland ("ADM") has spent billions of dollars trying to expand its Nutrition business to protect against commodity price volatility in its legacy agricultural commodities trading business.
It is alleged that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material facts, about the performance and prospects of ADM's Nutrition segment and its accounting practices. Specifically, 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 ...