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    SMG INVESTOR ALERT  129  0 Kommentare Robbins Geller Rudman & Dowd LLP Announces that The Scotts Miracle-Gro Company Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

    Robbins Geller Rudman & Dowd LLP announces that purchasers of The Scotts Miracle-Gro Company (NYSE: SMG) common stock between November 3, 2021 and August 1, 2023, both dates inclusive (the “Class Period”), have until August 5, 2024 to seek appointment as lead plaintiff of the Scotts Miracle-Gro class action lawsuit. Captioned City of Hialeah Employees’ Retirement System v. The Scotts Miracle-Gro Company, No. 24-cv-03132 (S.D. Ohio), the Scotts Miracle-Gro class action lawsuit charges Scotts Miracle-Gro and certain of Scotts Miracle-Gro’s top current and former executives with violations of the Securities Exchange Act of 1934.

    If you suffered substantial losses and wish to serve as lead plaintiff of the Scotts Miracle-Gro class action lawsuit, please provide your information here:

    https://www.rgrdlaw.com/cases-the-scotts-miracle-gro-company-class-act ...

    You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Scotts Miracle-Gro class action lawsuit must be filed with the court no later than August 5, 2024.

    CASE ALLEGATIONS: Scotts Miracle-Gro produces various lawn, garden, and agricultural products for both consumer and professional purposes.

    The Scotts Miracle-Gro class action lawsuit alleges that defendants throughout the Class Period 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.

    The Scotts Miracle-Gro class action lawsuit further alleges that on June 8, 2022, Scotts Miracle-Gro admitted that replenishment orders from its U.S. retailers were more than $300 million below target in the month of May alone, 2022 full-year earnings would be roughly half of Scotts Miracle-Gro’s prior guidance, and Scotts Miracle-Gro would take on additional debt to cover restructuring charges as it attempted to cut costs. On this news, the price of Scotts Miracle-Gro stock fell nearly 9%, according to the complaint.

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    SMG INVESTOR ALERT Robbins Geller Rudman & Dowd LLP Announces that The Scotts Miracle-Gro Company Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit Robbins Geller Rudman & Dowd LLP announces that purchasers of The Scotts Miracle-Gro Company (NYSE: SMG) common stock between November 3, 2021 and August 1, 2023, both dates inclusive (the “Class Period”), have until August 5, 2024 to seek …

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