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SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of FMC Corporation
FMCFMC (FMC) Prnewswire·2025-02-27 14:47

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against FMC Corporation due to alleged violations of federal securities laws, encouraging affected investors to come forward [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is urging investors who suffered losses exceeding 100,000inFMCbetweenNovember16,2023,andFebruary4,2025,todiscusstheirlegalrights[1].−AfederalsecuritiesclassactionhasbeenfiledagainstFMC,withadeadlineofApril14,2025,forinvestorstoseektheroleofleadplaintiff[2][6].−Thefirmhasahistoryofrecoveringhundredsofmillionsofdollarsforinvestorssinceitsfoundingin1995[3].Group2:AllegationsAgainstFMC−ThecomplaintallegesthatFMCanditsexecutivesmadefalseandmisleadingstatementsregardingthecompany′schannelmanagementinitiativesandpricingstrategies[4].−ItisclaimedthatFMCinflatedinventorylevelsinvariousregions,includingLatinAmerica,Asia,Canada,andEasternEurope,whilemisleadinginvestorsaboutthecompany′sbusinessprospects[4].Group3:FinancialPerformanceandMarketReaction−OnFebruary4,2025,FMCreportedfourthquarter2024financialresults,missingrevenueguidanceandconsensusestimates,attributingtheshortfalltocustomersholdinglessinventorythanhistorically[5].−TheCEOofFMCindicatedthatthecompanyneedstosignificantlylowerinventorylevelsandacknowledgedfacingpricingcompetitionthatledtomissedsalesopportunities[5].−Followingtheearningsannouncement,FMC′sstockpricedroppedby100,000 in FMC between November 16, 2023, and February 4, 2025, to discuss their legal rights [1]. - A federal securities class action has been filed against FMC, with a deadline of April 14, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against FMC - The complaint alleges that FMC and its executives made false and misleading statements regarding the company's channel management initiatives and pricing strategies [4]. - It is claimed that FMC inflated inventory levels in various regions, including Latin America, Asia, Canada, and Eastern Europe, while misleading investors about the company's business prospects [4]. Group 3: Financial Performance and Market Reaction - On February 4, 2025, FMC reported fourth quarter 2024 financial results, missing revenue guidance and consensus estimates, attributing the shortfall to customers holding less inventory than historically [5]. - The CEO of FMC indicated that the company needs to significantly lower inventory levels and acknowledged facing pricing competition that led to missed sales opportunities [5]. - Following the earnings announcement, FMC's stock price dropped by 18.12, or 33.5%, closing at $35.92 per share on February 5, 2025, amid heavy trading volume [5].