Deadline on April 18, 2023 coming up in Lawsuit for Investors in Alico, Inc. (NASDAQ: ALCO)

A deadline is coming up on April 18, 2023 in the lawsuit filed for certain investors of Alico, Inc. (NASDAQ: ALCO) over alleged securities laws violations by Alico, Inc.

Investors who purchased shares of Alico, Inc. (NASDAQ: ALCO) have certain options and there are strict and short deadlines running. Deadline: April 18, 2023. NASDAQ: ALCO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Middle District of Florida the plaintiff alleges on behalf of purchasers of Alico, Inc. (NASDAQ: ALCO) common shares between February 4, 2021 and December 13, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 4, 2021 and December 13, 2022, the Defendants made false and/or misleading statements and/or failed to disclose that Alico had deficient disclosure controls and procedures and internal control over financial reporting, that as a result, the Company had improperly calculated Alico's deferred tax liabilities over a multi-year period, that accordingly, the Company would likely be required to restate one or more of its previously issued financial statements; (iv) the foregoing would impede the timely completion of the audit of the Company's financial results in advance of its year-end earnings call, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Alico, Inc. (NASDAQ: ALCO) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.