BENSALEM, Pa., Sept. 25, 2024 /PRNewswire/ — Law Offices of Howard G. Smith announces an open backdoor for investors with substantial losses, offering them a chance to steer the ship in the securities fraud class action lawsuit against Lifecore Biomedical, Inc. (“Lifecore” or the “Company”) LFCR.
The Undertow: Class Period and Lead Plaintiff Deadline
Class Period: October 7, 2020 – March 19, 2024
Lead Plaintiff Deadline: September 27, 2024
Investors facing a storm on their Lifecore investments are advised to reach out to the Law Offices of Howard G. Smith without delay to explore their legal standing in this class action at 215-638-4847 or via email at howardsmith@howardsmithlaw.com.
Unraveling the Tale of Deception
The lawsuit unfolded amid a saga where Defendants allegedly cloaked the truth from investors during the Class Period: (1) Lifecore harbored hollow internal controls over financial reporting; (2) consequently, the Company inflated several financial statements that necessitated correction; (3) purported amends by Lifecore concerning these deficiencies proved futile; (4) all these factors hindered Lifecore’s ability to promptly file SEC reports in conformity with NASDAQ listing stipulations; (5) thus, the Company’s financial standing and prospects were materially exaggerated; (6) hence, Defendants’ rosy depictions of the Company’s dealings and future were significantly deceptive or lacked a credible foundation throughout.
To become part of this legal journey, no immediate action is required; you can engage an attorney of your choice or remain a silent spectator. For those seeking a deeper dive into this class action or having queries about this announcement or their stake in the ongoing lawsuit, please reach out to Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847 or via email at howardsmith@howardsmithlaw.com, or check out the details on their website.
The Bottom Line
In certain jurisdictions, this release may be considered as Attorney Advertising by law and ethical standards.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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