SHAREHOLDER NOTICE: Scott+Scott Attorneys at Law LLP Investigating Landec Corporation's Directors and Officers for Breach of Fiduciary Duties LNDC

Business Wire 16-Jan-2020 10:26 AM

Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international securities and consumer rights litigation firm, is investigating certain directors and officers of Landec Corporation ("Landec") (NASDAQ:LNDC) for breaching their fiduciary duties to Landec and its shareholders. If you are a Landec shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com.

On January 2, 2020, Landec disclosed investigations by the U.S. Securities and 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, Landec's share price fell $1.14, or over 10%, to close at $10.03 per share on January 3, 2020.

What You Can Do

If you are a Landec shareholder, you may have legal claims against Landec's directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or jpettigrew@scott-scott.com.

About Scott+Scott

Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.

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