LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its 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.
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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.
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