NEW YORK, Jan. 16, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Calavo Growers, Inc. ("Calavo" or the "Company") (NASDAQ: CVGW).
The investigation focuses on whether the Company and its executives violated federal securities laws by announcing misleading statements and business information to the public investors.
On January 15, 2015, Calavo announced that it will restate previously issued financial statements for the fiscal years ended October 31, 2013 and 2012 and the quarters therein, as well as the quarters ended January 31, 2014, April 30, 2014, and July 31, 2014.
Following this news, Calavo shares declined by $4.72 per share, over 9%, closing on January 15, 2015 at $43.07 per share.
If you invested in Calavo stock or options on or before January 14, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/CVGW. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] Faruqi & Faruqi, LLP also encourages anyone with information regarding Calavo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. [email protected] Telephone: (877) 247-4292 or (212) 983-9330