Bronstein, Gewirtz & Grossman LLC announces that Scotts Miracle-Gro Company (The) investors suffering significant losses have the option to file a class action lawsuit!

NEW YORK, June 11, 2024 /PRNewswire/ — Attorney Advertisement — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that it has filed a class action lawsuit against Scotts Miracle-Gro Company (The) (“Scotts Miracle-Gro” or “The Company ”) (NYSE: SMG) and certain of its officers.

Class definition

The purpose of this lawsuit is to recover damages from the defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Scotts Miracle-Gro securities between November 3, 2021 AND August 1, 2023inclusive (the “Class Period”). We encourage such investors to join this cause by visiting the company’s website: bgandg.com/SMG.

Case details

The complaint claims that during the offsetting period, defendants made numerous false and misleading statements and omissions regarding the Company’s inventory levels, compliance with debt covenants and financial performance. Specifically, a complaint claims that: (1) Defendants repeatedly assured investors that the Company’s inventory levels were adequate, while attributing the high sales to “selling through high-priced inventory,” which resulted in “peak sales” and “record” deliveries; (2) Defendants have repeatedly reassured investors’ concerns regarding the Company’s debt by stating that they are “optimistic that we will remain within the limits of our banking agreements” and “(don’t) see any leverage compliance issues in the future,” and (3) as As a result of these false representations, Scotts common stock traded at artificially inflated prices during the Class Period. When the real data hit the market, the lawsuit claimed that investors had suffered damages.

What’s next?

A class action lawsuit has already been filed. If you would like to review a copy of the Complaint, you may visit the company’s website: bgandg.com/SMG or contact Peretz Bronstein, Esq. or his Customer Relations Manager, Nathan Miller, Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you have suffered a loss at Scotts Miracle-Gro, you have until August 5, 2024to ask the Court to appoint you as lead plaintiff. Your ability to share in any recovery does not require you to be a lead plaintiff.

There are no costs for you

We represent investors in class action proceedings for a contingency fee. This means that we will only ask the court for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total amount recovered, if we win.

Why Bronstein, Gewirtz and Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing securities investors fraud shareholder class action and derivative actions. Our company has recovered hundreds of millions of dollars for investors across the country.

Attorney advertising. Past performance does not guarantee similar results.

contact
Bronstein, Gewirtz & Grossman, LLC
Perez Bronstein Or Nathan Miller
332-239-2660 | (email protected)

SOURCE Bronstein, Gewirtz & Grossman, LLC