NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of shares of Scotts Miracle-Gro Company (NYSE: SMG) common stock between November 3, 2021 and August 1, 2023, both dates inclusive (the “Litigation Period”), of the important August 5, 2024, lead plaintiff deadline.
SO WHAT: If you purchased shares of Scotts common stock during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Scotts class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=25932 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 5 August 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in senior leadership roles. Often, the firms issuing the advertisements do not have comparable experience, resources or significant recognition from their peers. Many of these firms do not actually litigate securities class action lawsuits, but rather act as intermediaries, referring clients or working with law firms that actually litigate the cases in court. Choose your lawyer wisely. The Rosen Law Firm represents investors around the world and focuses on class action and shareholder litigation. The Rosen Law Firm has achieved the largest securities class action settlement against a Chinese company. The Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have received awards from Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, throughout the Class Period, defendants made numerous materially false and misleading statements and omissions regarding Scotts’ inventory levels, compliance with its credit agreements, and financial performance. Specifically, defendants repeatedly assured investors that Scotts’ inventory levels were adequate while attributing strong sales to “selling off expensive inventory” that resulted in “peak sales” and “record deliveries.” Defendants also repeatedly assuaged investors’ concerns about Scotts’ debt by stating that they were “optimistic that we will remain within our bank covenants” and “do not foresee any issues with compliance with leverage rules in the future.” As a result of these misrepresentations, Scotts’ common stock traded at artificially inflated prices throughout the Class Period. When the true details emerged in the market, the lawsuit alleges that investors suffered harm.
To join the Scotts class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=25932 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.
No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
