Saxena White P.A. is pleased to announce that on March 3, 2025, the United States District Court for the Southern District of Ohio appointed the Employees Retirement System of the City of St. Louis and the Detectives Endowment Association Annuity Fund as Lead Plaintiff and Saxena White P.A. as Co-Lead Counsel in the securities class action against The Scotts Miracle-Gro Company.

The action alleges that, during the class period, Scotts Miracle-Gro and certain of its executives made materially false and/or misleading statements and failed to disclose material adverse facts regarding the Company’s massive build-up of excess inventory after failing to capitalize out a post-COVID surge in demand for its products, and subsequent engagement in a channel-stuffing scheme to avoid writing down the excess inventory and to maintain debt-to-earnings ratios barely exceeding the Company’s debt covenants.