Security Investigation

Archer-Daniels-Midland Co. (NYSE: ADM)

21 Days left to seek lead plaintiff status.

Company Name:Archer-Daniels-Midland
Stock Symbol:NYSE: ADM
Court:Northern District of Illinois
Class Period Start:04/30/2020
Class Period End (inclusive):01/22/2024
Filing Deadline:03/25/2024

Contact a Lawyer Now

(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 25, 2024 to file lead plaintiff applications in a securities class action lawsuit against Archer-Daniels-Midland Company (“ADM” or the “Company”) (NYSE: ADM).

ADM and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On January 21, 2024, the Company disclosed that its Chief Financial Officer had been placed on leave “pending an ongoing investigation being conducted by outside counsel for ADM and the Board’s Audit Committee regarding certain accounting practices and procedures with respect to ADM’s Nutrition segment, including as related to certain intersegment transactions.” Further, its investigation was initiated in response to a voluntary document request by the SEC and as a result, the Company delayed its Q4 and FY 2023 earnings release and withdrew its outlook for its Nutrition segment.

On this news, the price of ADM’s shares fell $16.23 per share, or approximately 24%, from $68.19 per share to close at $51.69 on January 22, 2024, wiping out approximately $8.8 billion of ADM’s market value.

If you purchased securities of ADM and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Chow v. Archer-Daniels-Midland Company, et al., No. 24-cv-00634.

Click here to read the first filed complaint.