| COMPANY |
The Scotts Miracle-Gro Company |
| COURT |
United States District Court for the Southern District of Ohio |
| CASE NUMBER |
24-cv-03132 |
| JUDGE |
The Hon. Algenon L. Marbley |
| CLASS PERIOD |
May 5, 2021 and August 1, 2023 |
| SECURITY TYPE |
Common Stock |
Case Background:
This is a class action lawsuit on behalf of those who purchased or acquired The Scotts Miracle-Gro Company (“Scotts”) (NYSE: SMG) common stock between May 5, 2021 and August 1, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and omissions concerning the company’s inventory levels, debt covenant compliance, and financial performance. Specifically, Defendants repeatedly assured investors that the company’s inventory levels were appropriate, while attributing strong sales to “selling through high-cost inventory,” which resulted in “peak selling” and “record” shipments. Defendants also repeatedly assuaged investors’ concerns about the company’s debt, stating that they were “optimistic we will remain within the bounds of our bank covenants” and “[did] not see leverage compliance issues going forward.” As a result of these misrepresentations, Scotts common stock traded at artificially inflated prices during the Class Period.
Current Status of Case:
Defendants filed the Motion to Dismiss the Consolidated Class Action Complaint on July 28, 2025. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.