Securities Class Action Filed Against Calavo Growers, Inc.

Violations of federal securities laws as a result of a series of materially false statements. According to the Complaint, the Company made false and/or misleading statements and/or failed to disclose that it: (i) failed to maintain accurately valued contingent consideration in connection with an acquisition; (ii) overstated its non-cash operating expenses; (iii) lacked adequate internal controls over financial reporting; and (iv) as a result of the above, Calavo Growers’ financial statements were materially false and misleading at all relevant times. On January 15, 2015, the Company announced it will record a non-cash charge, which it will now treat as an amortization expense totaling $88.9 million before tax related to the misstatement in its treatment of contingent consideration. On this news, shares of Calavo Growers fell $4.72 per share, or over 9%, to close at $43.07 per share on January 15, 2015, damaging investors. Filed in C.D. Cal.

Lead Plaintiff Deadline: The deadline to file for lead plaintiff in this action is 3/23/2015.

Join This Action: To apply to join this action and be represented by Shepherd, Finkelman, Miller & Shah, LLP, please click here for a certification form to submit your information.

Send Us Information: If you have information about this action that you would like to provide us, please click here.

A Message to Our Clients About Coronavirus COVID-19:

A Message to Our Clients About Coronavirus COVID-19

At Shepherd, Finkelman, Miller & Shah, LLP, we view the safety and well-being of our clients, staff and business partners as our highest priority.

The situation regarding the COVID-19 virus is continually changing, and we are following all recommended guidelines to stay healthy. As a result, our lawyers and staff are working remotely in accordance with the CDC's recommendations. We continue to work for all of our clients and are happy to arrange for phone or video consultations. We are also able to exchange documents via secure drives or email.

Please contact us online or call 866-540-5505 with any questions.

Thank you and take care.