San Diego, CA -- (SBWIRE) -- 02/03/2016 -- A shareholder who sold shares of Dole Food Company Inc (NYSE:DOLE) filed a lawsuit over alleged Securities Laws violations by Dole Food Company Inc.

Investors who SOLD a significant amount of shares of Dole Food Company Inc (NYSE:DOLE) between January 2, 2013 and October 31, 2013, have certain options and for certain investors are short and strict deadlines running. Deadline: February 8, 2016. NYSE:DOLE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of sellers of Dole Food Company Inc (NYSE:DOLE) common shares between January 2, 2013 and October 31, 2013, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between January 2, 2013 and October 31, 2013 defendants Dole Food Company and its senior executive officers conducted a fraudulent scheme to acquire the publicly held shares of Dole Food Company and convert the Company to a privately-held enterprise owned by David H. Murdock ("Murdock"), Dole's Chairman of the Board and CEO.

The plaintiff claims to implement their scheme, Dole Food Company and its executive officers made a series of allegedly materially false and misleading negative statements about the Company's operations and finances, and omitted to disclose material information, with the intention of deceiving the investing public and artificially lowering the price of Dole's stock so that Murdock could buy the Company at an artificially depressed price.

The plaintiff alleges that after Defendants' misstatements had artificially deflated the price of Dole Food Company Inc's common stock, on June 10, 2013, David H. Murdock delivered his initial proposal to take Dole Food Company private at a price of $12.00 per share.

On August 12, 2013, the Board announced that Dole Food Company and David H. Murdock had entered into and signed a merger agreement by which David H. Murdock would acquire all of the outstanding shares of Dole Food Company Inc (NYSE:DOLE) common stock not currently beneficially held by him for $13.50 per share. The merger closed on November 1, 2013.

Those who SOLD a significant amount of shares of Dole Food Company Inc (NYSE:DOLE) between January 2, 2013 and October 31, 2013 have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com