Investors Sue Archer Daniels Midland (ADM) After Placing CFO On Leave Amid Accounting Probe and SEC Investigation – Hagens Berman
SAN FRANCISCO, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Archer Daniels Midland Co. (NYSE: ADM) investors who suffered substantial losses to submit your losses now .
- SAN FRANCISCO, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Archer Daniels Midland Co. (NYSE: ADM) investors who suffered substantial losses to submit your losses now .
- Archer Daniels Midland Co. (ADM) Securities Fraud Class Action:
The litigation focuses on Archer Daniels’ statements about the performance of its Nutrition segment, a business the company poured billions of dollars into to protect against commodity price volatility in its legacy agricultural commodities trading business. - Investors began to learn the truth on Jan. 21, 2024, when Archer Daniels announced that it had placed CFO Vikram Luther on leave effective immediately.
- This news sent the price of Archer Daniels shares crashing as much as $14.46 (or about 21%) lower during intraday trading on Jan. 22, 2024.