SCOTTS MIRACLE-GRO SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Scotts Miracle-Gro Company - SMG

Core Viewpoint - A securities class action lawsuit has been filed against The Scotts Miracle-Gro Company, with a deadline for lead plaintiff applications set for August 5, 2024, for investors who purchased shares between November 3, 2021, and August 1, 2023 [1]. Group 1 - The lawsuit is based on allegations that Scotts and certain executives failed to disclose material information during the class period, violating federal securities laws [5]. - On August 2, 2023, Scotts reported disappointing financial results, including a 6% decline in quarterly sales for the fiscal third quarter, a 420 basis point drop in gross margin, a 25% cut to fiscal year EBITDA guidance, and a $20 million write-down of excess inventories due to the pandemic [3]. - Following the financial disclosure, Scotts' share price fell by $13.58, or 19%, from $71.44 on August 1, 2023, to $57.86 on August 2, 2023 [7]. Group 2 - ClaimsFiler serves as a resource for retail investors to recover funds from securities class action settlements, offering free registration for access to information and settlement websites [6]. - Investors can upload their portfolio transactional data to receive notifications about relevant securities cases and submit inquiries for free case evaluations [6].