WHY: NEW YORK, NY - (NewMediaWire) - February 13, 2024 - Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Calavo Growers, Inc. (NASDAQ: CVGW) resulting from allegations that Calavo may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Calavo’s securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22333 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On January 16, 2024, after market hours, Calavo issued a press release announcing it would file a Form 12b-25 Notification of Late Filing for its Annual Report on Form 10-K for the fiscal year ended October 31, 2023. In addition, Calavo stated “[a]s part of [an] internal investigation, the Special Committee [of the Board of Directors] determined that certain matters relating to the Company’s operations in Mexico merited further investigation in connection with the completion of the Company’s financial statements for the year ended October 31, 2023.”

On this news, Calavo’s stock price fell $2.48 per share, or 8%, to close at $26.57 per share on January 17, 2024, the next trading day.

Then on January 31, 2024, after market hours, Calavo issued a press release which in part announced the Special Committee’s investigation results. The press release stated that “certain of those matters related to the Company’s operations in Mexico raised potential issues under the Foreign Corrupt Practices Act (‘FCPA’). The Company has voluntarily disclosed this ongoing internal investigation to the SEC and the Department of Justice (‘DOJ’), and the Company intends to fully cooperate with the SEC and the DOJ in connection with these matters.”

On this news, Calavo’s stock price fell $1.59 per share, or 6%, to close at $24.50 per share on February 1, 2024, the next trading day.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions.  Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com