A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Cadiz Inc (NASDAQ:CDZI) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on December 14, 2016 and NASDAQ:CDZI investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/08/2016 -- A deadline is coming up on December 14, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Cadiz Inc (NASDAQ:CDZI) between March 11, 2014 and October 9, 2015.
Investors who purchased a significant amount of shares of Cadiz Inc (NASDAQ:CDZI) between March 11, 2014 and October 9, 2015, have certain options and should contact the Shareholders Foundation by email at email@example.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Cadiz Inc (NASDAQ:CDZI) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/cadiz-inc-nasdaq-cdzi-investor-securities-class-action-lawsuit-04242015
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is December 14, 2016. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Cadiz Inc in connection with certain allegedly false and misleading statements made between March 10, 2014 and April 21, 2015.
According to the complaint 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.
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