Lifecore Biomedical, Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Lifecore Biomedical, Inc. |
Ticker: | Ticker: LFCR |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Lifecore Biomedical, Inc. (“Lifecore” or the “Company”) (NASDAQ:LFCR). The investigation concerns whether Lifecore and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On March 20, 2024, Lifecore filed its Annual Report on Form 10-K for the fiscal year ended May 28, 2023, which contained restatements of certain previously issued financial statements that corrected “errors involving the calculation of capitalized interest, valuation of inventories, and certain other adjustments related to previously divested businesses.” On this news, the price of Lifecore shares declined by $2.18 per share, or approximately 30.32%, from $7.19 per share on March 19, 2024 to close at $5.01 on March 20, 2024.
On March 20, 2024, Lifecore filed its Annual Report on Form 10-K for the fiscal year ended May 28, 2023, which contained restatements of certain previously issued financial statements that corrected “errors involving the calculation of capitalized interest, valuation of inventories, and certain other adjustments related to previously divested businesses.” On this news, the price of Lifecore shares declined by $2.18 per share, or approximately 30.32%, from $7.19 per share on March 19, 2024 to close at $5.01 on March 20, 2024.