Case Summary

FMC

NYSE: FMC

Case Details

  • Mohammed v. FMC Corporation et al.
  • Class Period:November 16, 2023 - February 4, 2025
  • Date Filed:February 13, 2025
  • Jurisdiction:U.S. District Court, Eastern District of Pennsylvania
  • Docket Number: 2:25-cv-00771
  • Lead Plaintiff Deadline: April 14, 2025
Days Left to
Seek Plaintiff
19

Overview

A class action lawsuit has been filed against FMC Corporation (“FMC” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s common stock traded on the New York Stock Exchange under the symbol “FMC.”

The FMC class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired FMC securities between November 16, 2023, and February 4, 2025, both dates inclusive (the “Class Period”).

FMC is an agricultural sciences company which develops, markets, and sells crop protection chemicals including insecticides, herbicides, and fungicides.  The Company markets its products through its own sales organization and through alliance partners, independent distributors, and sales representatives.  It operates in North America, Latin America, Europe, the Middle East, Africa, and Asia.

The FMC action lawsuit alleges that Defendants, throughout the Class Period, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants failed to disclose to investors: (1) the Company’s channel management initiatives were not progressing as represented; (2) that, faced with pricing pressure, the Company had made the decision not to compete on prices and instead walk away from sales opportunities; (3) that, as a result, the Company had inflated inventory in the channels in “LATAM, including Brazil, Asia, including India, as well as Canada and Eastern Europe”; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.  As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages.

*          *          *

If you purchased or otherwise acquired FMC securities between November 16, 2023, and February 4, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]

The deadline to apply to the Court to serve as lead plaintiff in the FMC class action lawsuit is April 14, 2025.

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