The Scotts Miracle-Gro Company Class Action Lawsuit - SMG

According to the filed complaint, defendants made false statements and/or concealed that Scotts had an oversupply of inventory that far exceeded consumer demand. Recognizing that problem, Scotts executives engaged in a scheme to saturate the Company’s sales channel with more product than those retailers could sell through to end users, a practice that required Scotts sales personnel to pressure retailers to purchase more inventory than they wanted or needed. Ultimately, Scotts was only able to satisfy the covenants through the channel stuffing scheme.

In order to be eligible to join the SMG class action lawsuit, you must have incurred a loss on shares of Scotts purchased during the class period listed above.

If you suffered a loss in Scotts during the relevant time frame or pursuant to the relevant offering(s), you have until August 5, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.