NEW YORK, March 3, 2015 /PRNewswire/ -- Levi &
Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the Central District of
California on behalf of investors
who purchased Calavo Growers, Inc. ("Calavo" or the "Company")
(NASDAQ GS: CVGW) securities between March
5, 2012 and January 14, 2015.
To get more information, click here:
http://zlk.9nl.com/calavo-growers-cvgw. There is no cost or
obligation to you.
The complaint alleges that during the Class Period defendants
concealed that: (a) the Company failed to maintain an accurately
valued contingent consideration pursuant to its acquisition of
Renaissance Food Group, LLC; (b) Calavo overstated its non-cash
operating expenses; (c) the Company lacked adequate internal
controls over financial reporting; and (d) as a result, the
Company's financial statements were materially false and
misleading.
On January 15, 2015, Calavo
announced it will record a non-cash charge totaling $88.9 million before tax—which the Company will
treat as amortization expense—related to the misstatement in its
treatment of contingent consideration.
If you suffered a loss in Calavo you have until March 23, 2015 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone
at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/calavo-growers-cvgw.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP