Scotts Miracle-Gro(US:SMG) Prnewswireยท2024-06-25 18:38Core Viewpoint - Rosen Law Firm is reminding purchasers of common stock of The Scotts Miracle-Gro Company about the upcoming lead plaintiff deadline for a class action lawsuit related to alleged misrepresentations during the Class Period from November 3, 2021, to August 1, 2023 [1]. Group 1: Class Action Details - Investors who purchased Scotts common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][5]. - The deadline to move the Court to serve as lead plaintiff is August 5, 2024, with the lead plaintiff acting on behalf of other class members [3]. Group 2: Allegations Against Scotts - The lawsuit alleges that throughout the Class Period, Scotts made materially false and misleading statements regarding its inventory levels, debt covenant compliance, and overall financial performance [4]. - Defendants assured investors that inventory levels were appropriate and attributed strong sales to "selling through high-cost inventory," which led to inflated stock prices during the Class Period [4]. - The lawsuit claims that when the true details about Scotts' financial situation became known, investors suffered damages due to the previously inflated stock prices [4].