Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against The Scotts Miracle-Gro Company (SMG)

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) Scotts Miracle-Gro had an oversupply of inventory that far exceeded consumer demand; and (ii) Scotts Miracle-Gro executives engaged in a scheme to saturate Scotts Miracle-Gro's sales channel with more product than those retailers could sell through to end users, a practice that required Scotts Miracle-Gro sales personnel to pressure retailers to purchase more inventory than they wanted or needed ...