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home / articles / SMG - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against The Scotts Miracle-Gro Company (SMG) | Benzinga

SMG - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against The Scotts Miracle-Gro Company (SMG) | Benzinga

Scotts Miracle-Gro Company

  • NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of all persons and entities who purchased securities of The Scotts Miracle-Gro Company ("Scotts Miracle-Gro" or the "Company") (NYSE:SMG) between November 3, 2021 and August 1, 2023, inclusive (the "Class Period").

    The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) Scotts Miracle-Gro had an oversupply of inventory that far exceeded consumer demand; and (ii) Scotts Miracle-Gro executives engaged in a scheme to saturate Scotts Miracle-Gro's sales channel with more product than those retailers could sell through ...

    SMG)>Full story available on Benzinga.com

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    Stock Information
    Company Name: Scotts Miracle-Gro Company
    Stock Symbol: SMG
    Market: NYSE
    Website: scottsmiraclegro.com
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