Pomerantz LLP

Pomerantz LLP Appointed Lead Counsel in Calavo Growers, Inc. Securities Litigation

On April 23, 2015, Pomerantz LLP was appointed Lead Counsel in a lawsuit against Calavo Growers and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On January 15, 2015, Calavo Growers announced that it will restate its previously issued financial statements for the fiscal years ended October 31, 2013 and 2012 and the quarters therein, as well as the quarters ended January 31, 2014, April 30, 2014, and July 31, 2014. The restatements are attributable to a misstatement in Calavo Grower’s treatment of contingent consideration in its acquisition of RFG in June 2011.

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.

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