MILWAUKEE, Jan. 22, 2024 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against ADM (NYSE: ADM). The investigation results from inaccurate statements ADM may have made regarding its accounting, business operations and prospects. Click here to learn more about the investigation: https://www.ademilaw.com/case/archer-daniels-midland-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. The investigation focuses on ADM's accounting practices an ...

Shares in agriculture processor Archer-Daniels-Midland (NYSE:ADM) plunged 16% over the weekend on a probe of its accounting. Now, ADM stock is down about 19% as of this writing.Chief Financial Officer Vikram Luthar was placed on leave as part of the probe. The problems relate to the company’s $8 billion Nutrition segment. In 2022, Archer-Daniels-Midland reported annual revenue of about $102 billion, per Barron’s.Along with sidelining Luthar, the company cut its 2023 adjusted earnings forecast to $6.90 per s ...

The shares of Archer-Daniels-Midland Co (NYSE:ADM) are plummeting today, after the food processing giant placed CFO Vikram Luthar on administrative leave due to an investigation into accounting practices in its nutrition unit, per the U.S. Securities and Exchange Commission (SEC). The company also announced lower-than-expected fourth-quarter guidance, after which Barclays downgraded the stock to "underweight" from "overweight" and cut its price target to $60 from $95. At last glance, ADM was down 19.4% at $ ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

BOSTON, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Archer-Daniels-Midland Company (NYSE:ADM) for potential securities law violations. Investors who have lost money in their Archer-Daniels-Midland Company investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/adm. What is this all about? Archer-Daniels-Midland placed CFO Vikram Luthar on administrative leave pending an investigation into ce ...

Shares of Archer-Daniels-Midland Co (NYSE: ADM) tanked about 16% to a three-year low this morning following a string of bad news.ADM shares tank on probe newsCopy link to sectionThe food processing company has placed Vikram Luthar – its chief financial officer on an administrative leave following an investigation related to accounting practices. Ismael Roig will serve as the interim chief of finance at ADM, as per a press release on Sunday.Archer-Daniels-Midland also lowered its guidance for the full year t ...

Archer Daniels Midland shares plunged in premarket trade on Monday as the agribusiness giant said its chief financial officer has been placed under administrative leave, amid an investigation into accounting practices in its nutrition segment. ADM said CFO Vikram Luther was put on immediate administrative leave following a Securities and Exchange Commission “voluntary” request for documents. The Chicago-based company said outside counsel and the board audit committee are looking at accounting practices a ...

CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) today announced the appointment of Ismael Roig as Interim Chief Financial Officer. Mr. Roig is a skilled executive deeply familiar with ADM’s business, having served in a variety of global operational and financial leadership roles since joining the Company in 2004. The appointment follows the decision of the ADM Board of Directors to place Vikram Luthar, Chief Financial Officer and Senior Vice President, on administrative leave, effective immediately. Mr. Luthar ...

When investors stopped thinking about stocks to buy for high inflation, the U.K.’s Office of National Statistics (ONS) delivered a jolt to the system. On January 17, the ONS reported that the Consumer Prices Index (CPI) rose by 0.4% in December. This pushed the annual inflation rate to 4.0% from 3.9% in November. Increasing prices for alcohol and tobacco were the culprits last month. “The prices of goods leaving factories are little changed over the last few months, while the costs of raw materials remain l ...

Archer Daniels Midland Co. (ADM) is smoothly progressing on its three strategic pillars — optimize, drive and growth. The company is managing productivity and innovation and aligning work to the interconnected trends in food security, health and wellbeing. ADM is well-poised for sustainable long-term profit growth across new avenues.In the latest developments, the company announced shipping its first vessels of verified, wholly-traceable soybeans from the United States to Europe. After the initial phase of ...