We are investigating The Andersons, Inc. (ANDE) (“Andersons” or the “Company”) for potential violations of the federal securities laws.
On May 14, 2020, media outlets reported the filing of a lawsuit against Andersons in Ohio state court by Talmadge Crossing LLC (“Talmadge Crossing”), a limited liability company used by a Toledo, Ohio developer. Specifically, Talmadge Crossing’s lawsuit alleges that Andersons or its agents removed hundreds of thousands of dollars worth of fixtures and materials from the site of a former Andersons store in West Toledo, Ohio after Talmadge Crossing purchased the property, causing Talmadge Crossing “damages in excess of $500,000.” On this news, Andersons’ stock price fell $0.99 per share, or 8.03%, to close at $11.34 per share on May 15, 2020.