FMC - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against FMC Corporation (FMC) | Benzinga

NEW YORK, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of all persons or entities who purchased or otherwise acquired FMC Corporation ("FMC" or the "Company") (NYSE:FMC) securities between November 2, 2022 and October 20, 2023, inclusive (the "Class Period"). The lawsuit seeks to recover damages for the Company's investors under the federal securities laws.

The Complaint alleges that FMC is an agricultural sciences company and chemical manufacturer specializing in the production of patented crop protection products. The Complaint further alleges that intellectual property and patent protections are a critical component of FMC's business, particularly when it comes to generating earnings and maintaining market share in key markets abroad, including India, China, and Brazil. The Complaint also alleges that FMC repeatedly offered investors optimistic projections, predicated, in part, on its progress in key markets overseas as FMC concealed legal losses in key markets throughout 2023.

The Complaint alleges that the truth began to emerge on July 10, 2023, when FMC announced that it was cutting its revenue projections for the second quarter and fiscal year ...

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