ADM - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Archer-Daniels-Midland Company (ADM) | Benzinga

NEW YORK, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of all persons or entities who purchased or otherwise acquired Archer-Daniels-Midland Company ("ADM" or the "Company") (NYSE:ADM) securities between April 30, 2020 and January 22, 2024, inclusive (the "Class Period").

The Complaint alleges that 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 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 ADM.

Unbeknownst to investors, however, the Nutrition segment's ...

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