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ADM ALERT: Bragar Eagel & Squire, P.C. is Investigating Archer-Daniels-Midland Company on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
ADMADM(US:ADM) GlobeNewswire News Roomยท2025-06-11 01:00

Core Viewpoint - Archer-Daniels-Midland Company (ADM) is facing a class action lawsuit alleging breaches of fiduciary duties by its board of directors, particularly concerning the performance and prospects of its Nutrition segment [1][3]. Group 1: Lawsuit Details - The class action complaint was filed on January 24, 2024, covering a Class Period from April 30, 2020, to January 22, 2024 [1]. - The lawsuit claims that ADM has spent billions over the past decade to expand its Nutrition business to mitigate commodity price volatility in its traditional agricultural commodities trading [2]. Group 2: Allegations Against ADM - Defendants are accused of making false and misleading statements regarding the Nutrition segment's performance and accounting practices [3]. - Positive statements were made about the Nutrition segment being a future profit driver, capitalizing on healthier eating trends and rising consumer demand for natural ingredients [3]. - There was an implication that the growth of the Nutrition segment would enhance diversification and earnings stability for ADM [3].