The Schall Law Firm, a renowned national shareholder rights litigation firm, is reminding investors about a class action lawsuit against Archer-Daniels-Midland Company (ADM). The lawsuit alleges violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the U.S. Securities and Exchange Commission.
Investors who purchased ADM securities between April 30, 2020, and January 22, 2024, are encouraged to contact the firm before March 25, 2024. The Schall Law Firm, led by Brian Schall, is dedicated to discussing investors’ rights free of charge and can be reached through their website or by phone.
The lawsuit claims that ADM made false and misleading statements to the market regarding its Nutrition segment. The company portrayed the Nutrition segment as a profit-driver for its future, capitalizing on consumer demand for healthy foods and natural ingredients. Additionally, ADM touted the segment’s ability to provide stability and diversification to its earnings.
However, it is alleged that the Nutrition segment’s supposed growth was based on inaccurate accounting practices. These misleading statements caused investors to suffer damages when the truth about ADM’s practices came to light.
The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors worldwide. They are committed to helping investors recover their losses.
It is important to note that the class in this case has not yet been certified, and until certification occurs, investors are not represented by an attorney. Investors who choose to take no action can remain as absent class members.
The Schall Law Firm’s reminder of the class action lawsuit against Archer-Daniels-Midland Company serves as an opportunity for affected investors to explore their legal options and potentially recover their losses.
