Core Viewpoint - A class action lawsuit has been filed against The Scotts Miracle-Gro Company for violations of federal securities laws, impacting investors who purchased stock between November 3, 2021, and August 1, 2023 [1][4] Group 1: Lawsuit Details - The lawsuit alleges that Scotts Miracle-Gro made false or misleading statements and failed to disclose significant issues, including an oversupply of inventory that exceeded consumer demand [4] - Executives of Scotts Miracle-Gro are accused of pressuring retailers to purchase more inventory than they needed, leading to a saturation of the sales channel [4] Group 2: Investor Impact - Following the revelation of these issues, Scotts' common stock experienced a significant decline, resulting in financial injury to investors [2] - Investors who suffered losses exceeding $100,000 are encouraged to participate in the lawsuit [5] Group 3: Legal Representation - Lowey Dannenberg P.C. is representing the investors in this class action, highlighting their experience in prosecuting multi-million-dollar lawsuits and recovering billions for clients [6]
Lowey Dannenberg Notifies The Scotts Miracle-Gro Company (“Scotts” or the “Company”) (NYSE: SMG) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm