LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Cadiz, Inc. (“Cadiz” or the “Company”) (NASDAQ: CDZI) concerning the Company’s and its officers’ possible violations of federal securities laws. Glancy Binkow & Goldberg is preparing a class action to recover damages on behalf of injured Cadiz shareholders.
Cadiz operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. On April 21, 2015, a report was published on seekingalpha.com that cited documents, received pursuant to a Freedom of Information Act (“FOIA”) request, concerning Cadiz’s water project. According to the seekingalpha.com report, the FOIA documents reveal that the Company’s main water project has effectively failed due to regulatory concerns and budgetary constraints; and, that the Company is nearing bankruptcy. On this news the Company’s shares fell $0.72 or nearly 8% per share, to close on April 21, 2015 at $8.98 per share.
If you purchased shares of Cadiz prior to April 21, 2015, 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 Lesley Portnoy, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.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.