Investigation announced for Investors in shares of Lifecore Biomedical, Inc. (NASDAQ: LFCR) over possible Wrongdoing

An investigation was announced for current long-term investors in shares of Lifecore Biomedical, Inc. (NASDAQ: LFCR) concerning potential breaches of fiduciary duties by certain directors and officers of Lifecore Biomedical, Inc.

Investors who are current long term investors in Lifecore Biomedical, Inc. (NASDAQ: LFCR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: LFCR stocks follows a lawsuit filed against Lifecore Biomedical, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: LFCR stocks, concerns whether certain Lifecore Biomedical, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Minnesota the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose tha) Lifecore maintained deficient internal controls over financial reporting, that as a result, the Company issued several financial statements that were inaccurate and would need to be restated, that Lifecore's purported remediation efforts with respect to the foregoing deficiencies were ineffective, that all of the foregoing impaired Lifecore's ability to timely file periodic reports with the SEC in compliance with NASDAQ listing requirements, that accordingly, the Company's financial position and/or prospects were materially overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Lifecore Biomedical, Inc. (NASDAQ: LFCR) 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.