BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith 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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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