UBS Downgrades Archer Daniels Midland (ADM) to Neutral, 'Lower Growth and Margins'

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Go back to UBS Downgrades Archer Daniels Midland (ADM) to Neutral, 'Lower Growth and Margins'

ADM shareholder sues company, execs for fraud

January 25, 2024 3:21 PM EST

By Jody Godoy

(Reuters) - A shareholder of Archer-Daniels-Midland has sued the commodities trader in U.S. federal court, days after the company's stock plunged 24% on news that a securities regulator was investigating accounting practices in its nutrition segment.

Raymond Chow, an individual investor, said in the proposed class action lawsuit filed in Chicago on Wednesday that ADM lied about the profitability of its nutrition segment, which... More