FMC (US:FMC) Prnewswireยท2025-03-06 10:45Core Viewpoint - FMC Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business operations and channel management initiatives during the class period from November 16, 2023, to February 4, 2025 [1] Group 1: Allegations - The complaint alleges that FMC's channel management initiatives were not progressing as represented [1] - The company decided not to compete on prices due to pricing pressure, leading to missed sales opportunities [1] - There was inflated inventory in channels across Latin America, Asia, Canada, and Eastern Europe [1] - Positive statements made by the defendants about FMC's business and prospects were materially misleading and lacked a reasonable basis [1] Group 2: Class Action Details - Shareholders who purchased FMC shares during the specified class period are encouraged to register for the class action [2] - The deadline for shareholders to seek lead plaintiff status is April 14, 2025 [2] - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2] Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]