LOS ANGELES–(BUSINESS WIRE)–$LNDC–Glancy Prongay & Murray LLP (“GPM”) 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.
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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.
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 Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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Contacts
Glancy Prongay and Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]
