San Diego, CA -- (SBWIRE) -- 04/12/2023 -- The Shareholders Foundation announced that a deadline is coming up on April 18, 2023 in the lawsuit filed for certain investors of Alico, Inc. (NASDAQ: ALCO).

Investors who purchased shares of Alico, Inc. (NASDAQ: ALCO) have certain options and there are strict and short deadlines running. Deadline: April 18, 2023. NASDAQ: ALCO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Alico, Inc. (NASDAQ: ALCO) common shares between February 4, 2021 and December 13, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 4, 2021 and December 13, 2022, the Defendants made false and/or misleading statements and/or failed to disclose that Alico had deficient disclosure controls and procedures and internal control over financial reporting, that as a result, the Company had improperly calculated Alico's deferred tax liabilities over a multi-year period, that accordingly, the Company would likely be required to restate one or more of its previously issued financial statements; (iv) the foregoing would impede the timely completion of the audit of the Company's financial results in advance of its year-end earnings call, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Alico, Inc. (NASDAQ: ALCO) 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

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.