Ademi LLP is investigating possible securities fraud claims against ADM (NYSE: ADM). The investigation results from inaccurate statements ADM may have made regarding its accounting, business operations and prospects.
The investigation focuses on ADM’s accounting practices and procedures with respect to its Nutrition reporting segment, including as related to certain intersegment transactions. On January 21, 2023 ADM announced the commencement of an internal investigation and its decision to place Vikram Luthar, ADM’s Chief Financial Officer and Senior Vice President, on administrative leave.