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Investor Alert

press release

Feb. 5, 2020, 5:45 p.m. EST

LNDC ALERT: ROSEN, NATIONAL INVESTOR COUNSEL, Continues to Investigate Securities Claims Against Landec Corporation - LNDC

NEW YORK, Feb 05, 2020 (GLOBE NEWSWIRE via COMTEX) -- NEW YORK, Feb. 05, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Landec Corporation /zigman2/quotes/202795542/composite LNDC +1.35% resulting from allegations that Landec may have issued materially misleading business information to the investing public.

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 stock price fell $1.14, or over 10%, to close at $10.03 per share on January 3, 2020, injuring investors.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Landec investors. If you purchased shares of Landec please visit the firm's website at http://www.rosenlegal.com/cases-register-1754.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com .

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm .

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40 [th] Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

/zigman2/quotes/202795542/composite
US : U.S.: Nasdaq
$ 9.79
+0.13 +1.35%
Volume: 197,131
April 3, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$285.51 million
Rev. per Employee
$760,534
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