SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky

January 19, 2016 12:15 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Former Shareholders of Dole Food Company of Pendency of Securities Class Action Suit

NEW YORK, NY--(Marketwired - January 19, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who sold securities of Dole Food Company ("Dole") between January 2, 2013 and October 31, 2013

You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Delaware. If you sold Dole Food Company shares between January 2, 2013 and October 31, 2013, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/dole-food

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that during the Class Period defendants Dole and its senior executive officers conducted a fraudulent scheme to acquire the publicly held shares of Dole and sell the Company to Dole's Chairman and CEO, David H. Murdock. The complaint alleges that the Company issued a series of materially false and misleading statements and/or omitted material information regarding the Company's operations and finances, thus artificially lowering the price of Dole's stock so that Murdock could purchase the Company at an artificially depressed price.

On June 10, 2013, Murdock delivered his initial proposal to take Dole private. Then on August 12, 2013, the Board announced a merger agreement by which Murdock would acquire all the outstanding shares of Dole common stock not currently held by him for $13.50 per share. The merger closed on November 1, 2013.

If you suffered a loss in Dole Food you have until February 8, 2016 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.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com