{"success":true,"data":{"pressRelease":{"id":"125320","rtpr_id":"nPn6vtsZqa","ticker":"SMG","exchange":"NYSE","all_tickers":["SMG"],"title":"Scotts Miracle-Gro Investigation Continued: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of The Scotts Miracle-Gro Company - SMG","author":"PR Newswire","published_at":"2026-08-22T02:00:01.414Z","article_body":"Scotts Miracle-Gro Investigation Continued: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of The Scotts Miracle-Gro Company - SMG\n\nPR Newswire\n\nNEW YORK and NEW ORLEANS, Aug. 21, 2026\n\nNEW YORK and NEW ORLEANS, Aug. 21, 2026 /PRNewswire/ -- Former Attorney\nGeneral of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of\nKahn Swick & Foti\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=1333871591&u=http%3A%2F%2Fwww.ksfcounsel.com%2F&a=Kahn+Swick+%26+Foti)\n, LLC (\"KSF\"), announces that KSF continues its investigation into The Scotts\nMiracle-Gro\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=2445515755&u=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-smg%2F%3Fprs%3Dprn&a=The+Scotts+Miracle-Gro)\nCompany (NYSE: SMG) (\"Scotts\" or the \"Company\").\n\nOn August 2, 2023, the Company disclosed disappointing financial results\nincluding a decline in quarterly sales for fiscal third quarter of 6%, a\ndecline in gross margin by 420 basis points, as well as a cut to fiscal year\nEBITDA guidance by a staggering 25% and a $20 million write down of \"pandemic\ndriven excess inventories.\"  On this news, the price of Scotts' shares fell\nby $13.58 per share, or 19%, from a closing price of $71.44 per share on\nAugust 1, 2023, to a closing price of $57.86 per share on August 2, 2023.\n\nThereafter, the Company and certain of its executives were sued in a\nsecurities class action lawsuit, charging them with failing to disclose\nmaterial information, in violation of federal securities laws.  Recently, the\ncourt presiding over the case denied the Company's motion to dismiss in part,\nallowing the case to move forward.\n\nKSF's investigation is focusing on whether Scotts' officers and/or directors\nbreached their fiduciary duties to its shareholders or otherwise violated\nstate or federal laws.\n\nIf you have information that would assist KSF in its investigation, or have\nbeen a long-term holder of Scotts shares and would like to discuss your legal\nrights, you may, without obligation or cost to you, call toll-free at\n1-833-538-3608 or email KSF Managing Partner Lewis Kahn\n(lewis.kahn@ksfcounsel.com (mailto:lewis.kahn@ksfcounsel.com) ), or visit\nhttps://www.ksfcounsel.com/cases/nyse-smg/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=4233855047&u=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-smg%2F%3Fprs%3Dprn&a=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-smg%2F)\nto learn more.\n\nAbout Kahn Swick & Foti, LLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=3566795564&u=http%3A%2F%2Fwww.ksfcounsel.com%2F&a=www.ksfcounsel.com)\n.\n\nContact:\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com (mailto:lewis.kahn@ksfcounsel.com)\n1-833-538-3608\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\nCONNECT WITH US: Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=752361972&u=https%3A%2F%2Fwww.facebook.com%2Fprofile.php%3Fid%3D61575733915628&a=Facebook)\n|| Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=4293223557&u=https%3A%2F%2Fwww.instagram.com%2Fkahn_swick_and_foti%2F&a=Instagram)\n|| YouTube\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=1650188727&u=https%3A%2F%2Fwww.youtube.com%2F%40kahnswickandfoti&a=YouTube)\n|| TikTok\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=2090722245&u=https%3A%2F%2Fwww.tiktok.com%2F%40kahn.swick.foti&a=TikTok)\n|| LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=788658448&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fksfcounsel&a=LinkedIn)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/scotts-miracle-gro-investigation-continued-kahn-swick--foti-llc-continues-to-investigate-the-officers-and-directors-of-the-scotts-miracle-gro-company---smg-302857606.html\n(https://www.prnewswire.com/news-releases/scotts-miracle-gro-investigation-continued-kahn-swick--foti-llc-continues-to-investigate-the-officers-and-directors-of-the-scotts-miracle-gro-company---smg-302857606.html)\n\nSOURCE Kahn Swick & Foti, LLC\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS654669/2025-PR-DER.jpg?id=OA2903240\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6vtsZqa","title":"Scotts Miracle-Gro Investigation Continued: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of The Scotts Miracle-Gro Company - SMG","author":"PR Newswire","ticker":"SMG","created":"2026-08-22T02:00:01.414Z","tickers":["SMG"],"exchange":"NYSE","article_body":"Scotts Miracle-Gro Investigation Continued: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of The Scotts Miracle-Gro Company - SMG\n\nPR Newswire\n\nNEW YORK and NEW ORLEANS, Aug. 21, 2026\n\nNEW YORK and NEW ORLEANS, Aug. 21, 2026 /PRNewswire/ -- Former Attorney\nGeneral of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of\nKahn Swick & Foti\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=1333871591&u=http%3A%2F%2Fwww.ksfcounsel.com%2F&a=Kahn+Swick+%26+Foti)\n, LLC (\"KSF\"), announces that KSF continues its investigation into The Scotts\nMiracle-Gro\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=2445515755&u=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-smg%2F%3Fprs%3Dprn&a=The+Scotts+Miracle-Gro)\nCompany (NYSE: SMG) (\"Scotts\" or the \"Company\").\n\nOn August 2, 2023, the Company disclosed disappointing financial results\nincluding a decline in quarterly sales for fiscal third quarter of 6%, a\ndecline in gross margin by 420 basis points, as well as a cut to fiscal year\nEBITDA guidance by a staggering 25% and a $20 million write down of \"pandemic\ndriven excess inventories.\"  On this news, the price of Scotts' shares fell\nby $13.58 per share, or 19%, from a closing price of $71.44 per share on\nAugust 1, 2023, to a closing price of $57.86 per share on August 2, 2023.\n\nThereafter, the Company and certain of its executives were sued in a\nsecurities class action lawsuit, charging them with failing to disclose\nmaterial information, in violation of federal securities laws.  Recently, the\ncourt presiding over the case denied the Company's motion to dismiss in part,\nallowing the case to move forward.\n\nKSF's investigation is focusing on whether Scotts' officers and/or directors\nbreached their fiduciary duties to its shareholders or otherwise violated\nstate or federal laws.\n\nIf you have information that would assist KSF in its investigation, or have\nbeen a long-term holder of Scotts shares and would like to discuss your legal\nrights, you may, without obligation or cost to you, call toll-free at\n1-833-538-3608 or email KSF Managing Partner Lewis Kahn\n(lewis.kahn@ksfcounsel.com (mailto:lewis.kahn@ksfcounsel.com) ), or visit\nhttps://www.ksfcounsel.com/cases/nyse-smg/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=4233855047&u=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-smg%2F%3Fprs%3Dprn&a=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-smg%2F)\nto learn more.\n\nAbout Kahn Swick & Foti, LLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=3566795564&u=http%3A%2F%2Fwww.ksfcounsel.com%2F&a=www.ksfcounsel.com)\n.\n\nContact:\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com (mailto:lewis.kahn@ksfcounsel.com)\n1-833-538-3608\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\nCONNECT WITH US: Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=752361972&u=https%3A%2F%2Fwww.facebook.com%2Fprofile.php%3Fid%3D61575733915628&a=Facebook)\n|| Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=4293223557&u=https%3A%2F%2Fwww.instagram.com%2Fkahn_swick_and_foti%2F&a=Instagram)\n|| YouTube\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=1650188727&u=https%3A%2F%2Fwww.youtube.com%2F%40kahnswickandfoti&a=YouTube)\n|| TikTok\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=2090722245&u=https%3A%2F%2Fwww.tiktok.com%2F%40kahn.swick.foti&a=TikTok)\n|| LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4757648-1&h=788658448&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fksfcounsel&a=LinkedIn)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/scotts-miracle-gro-investigation-continued-kahn-swick--foti-llc-continues-to-investigate-the-officers-and-directors-of-the-scotts-miracle-gro-company---smg-302857606.html\n(https://www.prnewswire.com/news-releases/scotts-miracle-gro-investigation-continued-kahn-swick--foti-llc-continues-to-investigate-the-officers-and-directors-of-the-scotts-miracle-gro-company---smg-302857606.html)\n\nSOURCE Kahn Swick & Foti, LLC\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS654669/2025-PR-DER.jpg?id=OA2903240\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-22T02:00:01.475717066Z","server_sent_at_ms":1787364001475},"received_at":"2026-08-22T02:00:01.527Z","source_url":"https://www.prnewswire.com/news-releases/scotts-miracle-gro-investigation-continued-kahn-swick--foti-llc-continues-to-investigate-the-officers-and-directors-of-the-scotts-miracle-gro-company---smg-302857606.html"},"analysis":{"id":"114274","press_release_id":"125320","analysis_json":{"industry":{"label":"Household Products","sector":"Consumer Staples"},"redFlags":[],"eventType":"legal_litigation","narrative":"Kahn Swick & Foti continues its investigation into the officers and directors of The Scotts Miracle-Gro Company regarding potential fiduciary breaches.\n\nThe investigation references a prior securities class action lawsuit following a 2023 earnings miss where the company cut EBITDA guidance by 25% and took a $20 million inventory write-down.\n\nThis release is a plaintiff law-firm solicitation seeking investors; it contains no new disclosures from Scotts Miracle-Gro.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"historical_write_down":"$20 million","historical_sales_decline_pct":"6%","historical_share_price_drop_pct":"19%","historical_share_price_drop_value":"$13.58","historical_ebitda_guidance_cut_pct":"25%","historical_gross_margin_decline_bps":"420"}},"quotedText":"","namedEntities":{"people":[{"name":"Charles C. Foti, Jr.","role":"Partner, Kahn Swick & Foti, LLC"},{"name":"Lewis Kahn","role":"Managing Partner, Kahn Swick & Foti, LLC"}],"products":[],"companies":[{"name":"The Scotts Miracle-Gro Company","ticker":"SMG"},{"name":"Kahn Swick & Foti, LLC","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$20 million","context":"pandemic driven excess inventories write down"},{"amount":"$13.58 per share","context":"share price decline on August 2, 2023"},{"amount":"$71.44 per share","context":"closing price on August 1, 2023"},{"amount":"$57.86 per share","context":"closing price on August 2, 2023"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Kahn Swick & Foti. No new disclosure from the issuer; no certified class or settlement announced. This is routine marketing noise."},"tickerRelevance":{"others":[],"primary":"SMG"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Kahn Swick & Foti continues its investigation into the officers and directors of The Scotts Miracle-Gro Company regarding potential fiduciary breaches.\n\nThe investigation references a prior securities class action lawsuit following a 2023 earnings miss where the company cut EBITDA guidance by 25% and took a $20 million inventory write-down.\n\nThis release is a plaintiff law-firm solicitation seeking investors; it contains no new disclosures from Scotts Miracle-Gro.","key_figures":{"customDimensions":{"historical_write_down":"$20 million","historical_sales_decline_pct":"6%","historical_share_price_drop_pct":"19%","historical_share_price_drop_value":"$13.58","historical_ebitda_guidance_cut_pct":"25%","historical_gross_margin_decline_bps":"420"}},"named_entities":{"people":[{"name":"Charles C. Foti, Jr.","role":"Partner, Kahn Swick & Foti, LLC"},{"name":"Lewis Kahn","role":"Managing Partner, Kahn Swick & Foti, LLC"}],"products":[],"companies":[{"name":"The Scotts Miracle-Gro Company","ticker":"SMG"},{"name":"Kahn Swick & Foti, LLC","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$20 million","context":"pandemic driven excess inventories write down"},{"amount":"$13.58 per share","context":"share price decline on August 2, 2023"},{"amount":"$71.44 per share","context":"closing price on August 1, 2023"},{"amount":"$57.86 per share","context":"closing price on August 2, 2023"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-22T02:02:00.072Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":118539,"modelName":"glm-4.7"}}