ARCHER-DANIELS-MIDLAND INVESTIGATION INITIATED BY FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC is investigating the officers and directors of Archer-Daniels-Midland Company – ADM

ARCHER-DANIELS-MIDLAND INVESTIGATION INITIATED BY FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC is investigating the officers and directors of Archer-Daniels-Midland Company – ADM

ARCHER-DANIELS-MIDLAND INVESTIGATION INITIATED BY FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC is investigating the officers and directors of Archer-Daniels-Midland Company – ADM

PR Newswire

NEW ORLEANS, May 10, 2024

NEW ORLEANS, May 10, 2024 /PRNewswire/ — Former Louisiana Attorney General Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has a Investigation initiated against Archer-Daniels-Midland Company (“ADM” or the “Company”) (NYSE: ADM).

On January 21, 2024, the Company announced that its Chief Financial Officer was placed on leave “pending an ongoing investigation by ADM’s outside counsel and the Board’s Audit Committee into certain accounting practices and procedures relating to ADM’s Nutrition segment, including in connection with certain inter-segment transactions.” Additionally, the investigation was initiated in response to a voluntary document request from the SEC. As a result, the company delayed the release of its fourth quarter and fiscal 2023 results and withdrew its outlook for its nutrition segment. The company then revised the half-year financial statements of its nutrition segment. Then, on February 5, 2024, the Company announced that the U.S. Department of Justice (“DOJ”) had commenced a criminal investigation into the Company’s accounting practices and the DOJ had ordered grand jury subpoenas to certain current and former employees.

KSF’s investigation focuses on whether ADM’s officers and/or directors breached their fiduciary duties to shareholders or otherwise violated state or federal laws.

If you have information that could assist KSF in its investigation, or are a long-time holder of ADM stock and would like to discuss your legal rights, you may call toll-free 1-833-938-0905 or text, without obligation and at no cost to you Email KSF Managing Partner Lewis Kahn ([email protected]) or visit us at https://www.ksfcounsel.com/cases/nyse-adm/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses resulting from corporate fraud or misconduct by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, visit ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, managing partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC