Scotts Miracle-Gro(SMG) Prnewswire· Prnewswire·2024-07-25 09:45Core Viewpoint - The Scotts Miracle-Gro Company is facing a class action lawsuit due to allegations of misleading statements regarding inventory levels and sales practices, which resulted in an oversupply of products that exceeded consumer demand [2][4]. Group 1: Allegations and Issues - The complaint alleges that Scotts executives engaged in a scheme to pressure retailers into purchasing more inventory than necessary, leading to an oversupply situation [2]. - The company reportedly used a practice known as "channel stuffing" to meet sales covenants, which involved saturating sales channels with excess products [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 3, 2021, to August 1, 2023, during which shareholders are encouraged to register for participation [5]. - The deadline for shareholders to register for the class action is August 5, 2024, and there is no cost or obligation to participate [5].