Lowey Dannenberg is investigating Landec Corporation (“Landec” or the “Company”) (NASDAQ: LNDC) and certain of its officers and/or directors for potential violation of federal securities laws or other unlawful business practices in connection with the Company’s potential non-compliance with the Foreign Corrupt Practices Act (“FCPA”).
On January 2, 2020, Landec revealed that the U.S. Securities and Exchange Commission and the U.S. Department of Justice opened investigations into Landec’s “potential environmental and [FCPA] compliance matters associated with regulatory permitting” at a manufacturing plant in Mexico owned by Yucatan Foods, which Landec acquired in December 2018.”
Following the news of the regulatory investigations, Landec’s share price fell sharply to close at $10.03 on January 3, 2020, representing a 12.5% drop. The decline in the price of Company shares caused significant financial losses to investors.
If you are a shareholder of Landec who suffered a loss, we encourage you to contact attorney Andrea Farah of Lowey Dannenberg at (914) 733-7256 or afarah@lowey.com to learn more about this investigation or to discuss your options. For more information, you can also visit the investigation page on our website, lowey.com/securities.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million dollar lawsuits and has in the past recovered billions of dollars on behalf of investors.
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Contact:
Andrea Farah
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: afarah@lowey.com