An investigation on behalf of investors in Landsea Homes Corporation (NASDAQ:LSEA) shares over potential wrongdoing at Landsea Homes Corporation was announced.
San Diego, CA -- (SBWIRE) -- 09/13/2022 -- Certain directors of Landsea Homes Corporation are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Landsea Homes Corporation (NASDAQ: LSEA) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Landsea Homes directors breached their fiduciary duties and caused damage to the company and its shareholders.
Newport Beach, CA based Landsea Homes Corporation designs, constructs, markets, and sells suburban and urban single-family detached and attached homes in California, Arizona, Florida, Texas, and Metro New York.
On January 7, 2021, LF Capital Acquisition Corp. (NASDAQ: LFAC) ("LF Capital") and Landsea Homes Incorporated, jointly announced that they have closed their previously announced business combination (the "Business Combination"). Landsea Homes Corporation said that the transaction was unanimously approved by the board of directors of LF Capital and was also approved at a special meeting of LF Capital's stockholders on December 14, 2020. With the closing, LF Capital has been renamed "Landsea Homes Corporation" and its common stock and warrants began trading on The Nasdaq Stock Market ("Nasdaq") under the ticker symbols "LSEA" and "LSEAW" on January 8, 2021.
Landsea Homes Corporation reported that its Net Loss of $2.09 million in 2020 turned into a Net Income of $52.78 million in 2021.
Shares of Landsea Homes Corporation (NASDAQ: LSEA) declined from $10 per share in January 2021 to as low as $6.19 per share on March 8, 2022.
Those who purchased shares of Landsea Homes Corporation (NASDAQ: LSEA) have certain options and should contact the Shareholders Foundation.
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