"ADM Shareholder Files Fraud Lawsuit Against Company Executives"

An Archer-Daniels-Midland shareholder has filed a class action lawsuit alleging that the company lied about the profitability of its nutrition segment, leading to a 24% stock plunge after news of a securities regulator's investigation into accounting practices. The lawsuit claims that executive stock awards incentivized false statements to investors and seeks damages for investors who bought ADM stock between April 30, 2020 and the date of the stock drop. ADM has stated it is cooperating with the regulator's investigation and has delayed releasing fourth-quarter results and its annual report.