The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Landec Corporation (LNDC) Investors

Date : 01/07/2020 @ 10:41PM
Source : Business Wire
Stock : Landec Corp (LNDC)
Quote : 11.62  -0.03 (-0.26%) @ 11:02PM
After Hours
Last Trade
Last $ 11.62 ◊ 0.00 (0.00%)

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Landec Corporation (LNDC) Investors

Landec (NASDAQ:LNDC)
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2 Months : From Dec 2019 to Feb 2020

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The Law Offices of Frank R. Cruz announces an investigation on behalf of Landec Corporation (“Landec” or the “Company”) (NASDAQ: LNDC) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On January 2, 2020, the Company disclosed investigations by the U.S. Securities & Exchange Commission and Department of Justice regarding “potential environmental and Foreign Corrupt Practices Act (‘FCPA’) compliance matters associated with regulatory permitting” at a manufacturing plant in Mexico owned by Yucatan Foods, which Landec acquired in December 2018.

On this news, the Company’s share price fell $1.14, or over 10%, to close at $10.03 per share on January 3, 2020, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Landec securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to fcruz@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz, 310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com

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