SMG - INVESTOR ALERT: Class Action Lawsuit Filed Against The Scotts Miracle-Gro Company (NYSE: SMG); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel | Benzinga
SAN DIEGO, June 13, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of purchasers or acquirers of The Scotts Miracle-Gro Company (NYSE:SMG) ("Scotts" or the "Company") common stock between November 3, 2021 and August 1, 2023, inclusive (the "Class Period"), charging the Company and certain current senior executives with violations of the federal securities laws.
Scotts investors have until August 5, 2024 to seek appointment as lead plaintiff of the class action lawsuit.
If you purchased Scotts common stock between November 3, 2021 and August 1, 2023, and suffered substantial losses, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: https://dicellolevitt.com/securities/scotts/.
You can also contact DiCello Levitt partner Brian O'Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.
Case Allegations
Scotts is a global marketer of branded consumer products for lawn and garden care. The Company's main brands are Scotts, Miracle-Gro, and Ortho. Scotts is the exclusive agent of Monsanto for distribution of its consumer Roundup products. Scotts sells a vast majority of its products through third-party distributors. In 2014, Scotts formed The Hawthorne Gardening Company ("Hawthorne"), a wholly owned subsidiary focused on hydroponics for the emerging cannabis growing market. The Company divides its business into three reportable segments: U.S. Consumer, Hawthorne, and Other.
The Scotts lawsuit alleges that, during the Class Period, the Company was highly leveraged, with its senior secured credit ...
SMG); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel>Full story available on Benzinga.com