Adrian Johnson
TLDR:
- Archer Daniels Midland Co. (ADM) investors are urged to submit losses following a securities fraud class action lawsuit.
- The company placed its CFO on leave amid an investigation into accounting practices in its Nutrition segment.
Investors are suing Archer Daniels Midland (ADM) after the company placed its CFO on leave due to an accounting probe and SEC investigation. The lawsuit focuses on ADM’s statements regarding its Nutrition segment and alleges that the company’s financial reporting and accounting practices were misleading, creating a risk of regulatory scrutiny. The investigation into ADM’s accounting practices led to a significant drop in the company’s share price.
The litigation urges investors who suffered losses between Apr. 30, 2020, and Jan. 22, 2024, to submit their losses before the lead plaintiff deadline of Mar. 25, 2024. The investigation was initiated following a voluntary document request by the SEC, prompting ADM to delay its earnings release and withdraw its outlook for the Nutrition segment.
Whistleblowers with non-public information about Archer Daniels are encouraged to come forward to assist in the investigation or take advantage of the SEC Whistleblower program, potentially receiving rewards for successful recovery. Hagens Berman, the law firm handling the case, specializes in corporate accountability through class-action law and represents investors, whistleblowers, workers, and consumers in cases of corporate negligence and fraud.
For more information on the case and how to submit losses or whistleblow, visit the Hagens Berman website or contact Reed Kathrein at 844-916-0895 or email ADM@hbsslaw.com.
