The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Landec Corporation (LNDC) Investors
January 07 2020 - 5:41PM
Business Wire
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200107006114/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
Landec (NASDAQ:LNDC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Landec (NASDAQ:LNDC)
Historical Stock Chart
From Sep 2023 to Sep 2024