FMC (FMC) Prnewswire·2025-02-25 16:32Core Viewpoint - FMC Corporation is facing a class action lawsuit for allegedly misleading investors about its business prospects, resulting in a significant decline in stock price [1][5]. Group 1: Lawsuit Details - The class action lawsuit, titled Mohammed v. FMC Corporation, was filed in the Eastern District of Pennsylvania and seeks to represent individuals and entities who purchased FMC securities between November 16, 2023, and February 4, 2025 [2]. - The lawsuit claims that FMC made false and misleading statements and failed to disclose critical information regarding its performance, particularly related to its channel management initiatives [3][5]. Group 2: Financial Performance - On February 4, 2025, FMC reported its fourth-quarter 2024 financial results, missing its previously announced full fiscal year revenue guidance and consensus estimates, attributing the shortfall to lower-than-expected growth [4]. - Following the announcement of these disappointing results, FMC's stock price dropped by more than 33% [4]. Group 3: Allegations and Impact - Plaintiffs allege that the disclosures revealed the true extent of FMC's struggles, which had been concealed from investors, leading to significant financial harm when the truth was revealed [5]. - The lawsuit seeks damages for investors affected by the stock price decline, claiming that the alleged misrepresentations and omissions artificially inflated FMC's stock price during the class period [5].