LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Landec Corporation (“Landec” or “the Company”) (NASDAQ: LNDC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Landec disclosed to the market on January 2, 2020, that it is facing an investigation by the SEC related to “potential environmental and Foreign Corrupt Practices Act (‘FCPA’) compliance matters associated with regulatory permitting” at a Mexico manufacturing facility owned by Yucatan Foods, which was acquired by Landec in 2018. Based on this news, shares of Landec fell by more than 10% the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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