The Gross Law Firm Reminds Scotts Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of August 5, 2024 - SMG

Core Viewpoint - The Scotts Miracle-Gro Company is facing a class action lawsuit due to allegations of misleading statements regarding inventory levels and sales practices, which may have artificially inflated its stock price [5]. Group 1: Class Action Details - The class period for the lawsuit is from November 3, 2021, to August 1, 2023 [4]. - Shareholders who purchased shares during this period are encouraged to register for the class action by the deadline of August 5, 2024 [2][4]. - Participation in the case does not require appointment as a lead plaintiff, and there is no cost or obligation for shareholders to join [4]. Group 2: Allegations Against the Company - The complaint alleges that Scotts had an oversupply of inventory that exceeded consumer demand [5]. - Executives reportedly engaged in a scheme to pressure retailers into purchasing more inventory than necessary, leading to a practice known as channel stuffing [5]. - This strategy was used to meet financial covenants, ultimately resulting in misleading financial statements [5].