Los Angeles, California--(Newsfile Corp. - July 21, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The J. M. Smucker Company ("Smucker" or "the Company") (NYSE: SJM) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Smucker issued a voluntary recall of "select Jif® peanut butter products sold in the U.S. due to potential Salmonella contamination," on May 20, 2022. The recall impacted almost 50 varieties of the Company's peanut butter products. The Company disclosed on June 7, 2022, that the recall was expected to cost $125 million. Based on this news, shares of Smucker fell by 2.35% over the next two trading sessions.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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