SCOTTS MIRACLE-GRO SHAREHOLDER ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES OVER $100,000 OF LEAD PLAINTIFF FILING DEADLINE IN CLASS ACTION ACTION AGAINST SCOTTS MIRACLE-GRO COMPANY

NEW ORLEANS, July 19, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Partner, former Attorney General of Louisiana, Charles C. Foti, Jr.remind investors that they have until 5 August 2024 to file lead plaintiff motions in a class action lawsuit against The Scotts Miracle-Gro Company (NYSE: SMG) if they sell the company’s stock between 3 November 2021 And 1 August 2023inclusive (the “Claim Period”). This action is pending in The United States District Court for the Southern District of Ohio.

What you can do

If you have purchased shares of Scotts and would like to discuss your legal rights, the impact of this case on you and your right to compensation for your economic loss, you may contact Lewis Kahn, Managing Partner at KSF, toll-free at 1-877-515-1850 or by email ((email protected)), or visit https://www.ksfcounsel.com/cases/nyse-smg/ to learn more. If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court by 5 August 2024.

About the lawsuit

Scotts and certain of its executives are alleged to have failed to disclose material information during the Class Period, in violation of the federal securities laws.

At 2 August 2023The company announced disappointing financial results, including a 6% decline in third quarter revenue, a 420 basis point decline in gross margin, a staggering 25% cut in EBITDA guidance for the fiscal year and a 20 million US dollars Write-off of “pandemic-related inventory surpluses”.

Following this news, the price of Scotts shares fell by $13.58 per share or 19% from a closing price of $71.44 per share on 1 August 2023at a closing price of $57.86 per share on 2 August 2023.

The case is City of Hialeah Employees’ Retirement System v. The Scotts Miracle-Gro Company, No. 24-cv-03132.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr.is one of the nation’s leading boutique securities litigation firms. KSF serves a wide range of clients, including public institutional investors, hedge funds, asset managers and individual investors, in recovering investment losses from corporate transactions. Fraud or abuse of office by listed companies. KSF has offices in new York, Delaware, California, Louisiana And New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis KahnManaging Partner
(email protected)
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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