SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

January 28, 2015 16:11 ET

CVGW SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Calavo Growers, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of March 23, 2015 -- CVGW

NEW YORK, NY--(Marketwired - Jan 28, 2015) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Calavo Growers, Inc. ("Calavo" or the "Company") (NASDAQ: CVGW) securities between March 5, 2012 and January 14, 2015. 

To get more information, click here: http://zlk.9nl.com/calavo-growers-cvgw. There is no cost or obligation to you.

The complaint alleges that during the Class Period defendants concealed that: (a) the Company failed to maintain an accurately valued contingent consideration pursuant to its acquisition of Renaissance Food Group, LLC; (b) Calavo overstated its non-cash operating expenses; (c) the Company lacked adequate internal controls over financial reporting; and (d) as a result, the Company's financial statements were materially false and misleading.

On January 15, 2015, Calavo announced it will record a non-cash charge totaling $88.9 million before tax -- which the Company will treat as amortization expense -- related to the misstatement in its treatment of contingent consideration.

If you suffered a loss in Calavo you have until March 23, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/calavo-growers-cvgw.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510
    www.zlk.com