Archer-Daniels-Midland Company Securities Class Action Litigation


Securities class action litigation has been filed on behalf of investors who purchased or otherwise acquired Archer-Daniels-Midland Company (“ADM” or the “Company”) (NYSE: ADM) common stock between April 30, 2020 and January 22, 2024, inclusive (the “Class Period”).

If you purchased ADM common stock during the Class Period, you may move the Court for appointment as lead plaintiff by no later than March 25, 2024.

A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

ADM investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should complete the form below, text or email, or call Lieff Cabraser partner Sharon M. Lee at 1-800-541-7358.

Background on the ADM Securities Class Litigation

ADM, headquartered in Chicago, Illinois, is an agricultural supply chain manager and processor.

The action alleges that, throughout the Class Period, Defendants made false and/or misleading statements about the performance and prospects of ADM’s Nutrition segment, while engaging in improper accounting practices and procedures that obscured the segment’s true performance and purported growth.

On January 21, 2024, ADM announced that it had placed its CFO and Senior Vice President, defendant Vikram Luthar, on leave effective immediately.  According to ADM, Luthar’s “leave is pending an ongoing investigation being conducted by outside counsel for ADM and the Board’s Audit Committee regarding certain accounting practices and procedures with respect to ADM’s Nutrition segment, including as related to certain intersegment transactions.”  The Company also revealed that it launched its investigation after it received a request for documents from the Securities and Exchange Commission.  As a result, ADM delayed its Q4 and FY 2023 earnings release and withdrew its outlook for the Nutrition segment.  On this news, the price of ADM common stock plummeted $16.23 per share, or approximately 24%, from its closing price of $68.19 per share on the previous trading day, to close at $51.69 on January 22, 2024.

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    About Lieff Cabraser

    Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, Nashville, and Munich, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm’s “laser focus” and noting that our firm routinely finds itself “facing off against some of the largest and strongest defense law firms in the world.” In 2021, The American Lawyer named our firm its “Boutique Litigation Firm of the Year.” Benchmark Litigation has named Lieff Cabraser one of the “Top 10 Plaintiffs’ Firms in America,” and listed us as its “2020 California Plaintiff Firm of the Year.” Lieff Cabraser is committed to ensuring access to justice for all.