The J. M. Smucker Company (SJM)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The J. M. Smucker Company ("Smucker’s" or "the Company") (NYSE: SJM). Investors who purchased Smucker’s securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Smucker’s have violated federal securities laws.
On or around May 20, 2022, Smucker’s issued a voluntary recall of “select Jif® peanut butter products sold in the U.S. due to potential Salmonella contamination”, affecting nearly 50 types of Jif peanut butter products sold in the United States. On June 7, 2022, Smucker’s disclosed that the recall is expected to cost the Company $125 million in fiscal year 2023. On this news, the price of Smucker’s stock fell $3.06 per share, or 2.35%, over the following two trading sessions, to close at $127.25 per share on June 9, 2022.
If you are aware of any facts relating to this investigation or purchased Smucker’s shares, you can assist this investigation. You can also contact Peretz Bronstein or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.