Kirby McInerney Announces Investigation on Behalf of Cadiz Inc. Investors
April 27 2015 - 04:40PM
Business Wire
Kirby McInerney LLP announced today that a class action lawsuit
is pending in the United States District Court for the Central
District of California on behalf of investors who acquired Cadiz
Inc. (“Cadiz” or the “Company”) (NASDAQ:CDZI) securities during the
period from March 10, 2014 through April 21, 2015 (the “class
period”). Pursuant to applicable law, investors have until June 23,
2015 to file a motion to be appointed as lead plaintiff in the
lawsuit.
The lawsuit charges that throughout the class period, the
Company failed to disclose that the Bureau of Land Management had
previously determined that one of the Company’s key projects did
not qualify for government-granted “right-of-way,” and therefore
the project was not viable.
On April 21, 2015, SeekingAlpha.com revealed that prior to the
class period, Cadiz had been advised by the Bureau of Land
Management that the project did not meet the relevant standard for
right-of-way usage. On this news, the Company’s stock fell $1.05
per share to close at $8.65 per share on April 22, 2015.
If you acquired Cadiz securities during this period and you are
interested in learning more about this matter and any rights you
might have with respect to these claims, contact Jess Kelley at
securitiescases@kmllp.com, by telephone at (212) 371-6600, or by
filling out this form. Please bear in mind that some of these
rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
that has specialized in complex litigation, including securities
class actions, for several decades. Kirby McInerney LLP has
repeatedly demonstrated its expertise in this field, and has been
recognized by various courts that have appointed the firm to major
positions in consolidated and multi-district litigation. The firm’s
efforts on behalf of shareholders in securities litigation have
resulted in recoveries totaling billions of dollars, and the firm’s
achievements and quality of service have been chronicled in
numerous published decisions. Additional information about the firm
or the claims against Cadiz can be found at Kirby McInerney LLP’s
website: http://www.kmllp.com.
Kirby McInerney LLPJess Kelley,
212-371-6600securitiescases@kmllp.com
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