LOS ANGELES, CA / ACCESSWIRE / January 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Archer-Daniels-Midland Company ("ADM" or "the Company") (NYSE:ADM) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ADM is the subject of a Reuters report published on January 22, 2024, titled: "ADM shares tumble on CFO probe, profit forecast cut" According to the report, the Company placed CFO Vikram Luthar on administrative leave pending an investigation. According to Reuters, "The Chicago-based company said the investigation, initiated following a U.S. Securities and Exchange Commission (SEC) request, would result in a delay in its fourth-quarter earnings release." Based on this news, shares of ADM fell by more than 19% in morning trading on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
SOURCE: The Schall Law Firm
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