Landec Corporation (LNDC)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Landec Corporation (LNDC)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Landec Corporation (“Landec” or the Company”) (NASDAQ: LNDC). The investigation concerns whether Landec and certain of its officers and/or directors have violated federal securities laws.
On January 2, 2020, Landec 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, Landec’s stock price fell $1.14 per share, or 10.21%, to close at $10.03 per share on January 3, 2020.
If you are aware of any facts relating to this investigation, or purchased Landec shares, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.