A Deadline is coming up on June 23, 2015 in the lawsuit for investors in Cadiz Inc (NASDAQ:CDZI and (NASDAQ:CDZI stockholders should contact the Shareholders Foundation at email@example.com
San Diego, CA -- (SBWIRE) -- 06/01/2015 -- A deadline is coming up on June 23, 2015 in the lawsuit filed for investors of Cadiz Inc (NASDAQ:CDZI over alleged securities laws violations by Cadiz Inc.
Investors who purchased shares of Cadiz Inc (NASDAQ:CDZI) have certain options and there are strict and short deadlines running. Deadline: June 23, 2015. NASDAQ:CDZI stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint filed in the the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Cadiz Inc (NASDAQ:CDZI) common shares between March 10, 2014 and April 21, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that the Bureau of Land Management had previously determined that Cadiz Valley Water Conservation, Recovery and Storage Project did not meet a "railroad purpose" as required to use an existing right-of-way on government land and that the B Bureau of Land Management's determination concerning the Cadiz Valley Water Conservation, Recovery and Storage Project t in conjunction with the 2012 Consolidated Appropriations Act rendered the project unviable.
On April 21, 2015,a report was published alleging, among other things, that Cadiz Inc's water mining project has effectively failed with imminent NEPA federal review and that governing authority Metropolitan Water District has definitively stated that it has "already made the determination" and "don't see how it can be built," while also indicating subsidy impossibility. Shares of Cadiz Inc (NASDAQ:CDZI) declined to as low as $8.06 per share on April 22, 2015.
On May 28, 2015, NASDAQ:CDZI shares closed at $8.90 per share.
Those who purchased shares of Cadiz Inc (NASDAQ:CDZI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego