According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- FMC’s channel management initiatives were not progressing as represented;
- faced with pricing pressure, FMC had made the decision not to compete on prices and instead walk away from sales opportunities;
- as a result, FMC had inflated inventory in the channels in “LATAM, including Brazil, Asia, including India, as well as Canada and Eastern Europe;” and
- as a result of the foregoing, defendants’ positive statements about FMC’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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