The Clorox Company faces a putative class-action lawsuit following the recall of over 6 million Mistolin and Lestoil multipurpose cleaners. The recall addresses contamination with Pseudomonas aeruginosa, a bacterium linked to serious infections. The lawsuit alleges Clorox ignored contamination risks for months despite a prior incident and a $14.15 million civil penalty.
Wellington Management Group LLP reduced its position in Clorox by 48.0% during the second quarter. The institutional investor sold 36,588 shares during this period.
Management recently presented at the Boston Global Staples Conference, labeling fiscal 2027 as a year of transition and repair. The company expects a challenging consumer environment and significant input cost inflation to impact performance.