SAN DIEGO, Jan. 20, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on February 8, 2016 in the lawsuit filed for investors who SOLD shares of Dole Food Company Inc (NYSE:DOLE) between January 2, 2013 and October 31, 2013.
Investors who SOLD a substantial amount of shares of Dole Food Company Inc (NYSE:DOLE) between January 2, 2013 and October 31, 2013, have certain options and there are short and strict deadlines running. Deadline: February 8, 2016. (NYSE:DOLE) sellers should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The lawsuit alleges that Dole Food Company Inc and its senior executive officers conducted a fraudulent scheme to acquire the publicly held shares of Dole Food Company Inc and convert the Company to a privately-held enterprise owned by David H. 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 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, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.