San Diego, CA -- (SBWIRE) -- 05/22/2023 -- An investigation was announced for current long-term investors in shares of Alico, Inc. (NASDAQ: ALCO) concerning potential breaches of fiduciary duties by certain directors of Alico, Inc.

Investors who are current long term investors in Alico, Inc. (NASDAQ: ALCO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: ALCO stocks follows a lawsuit filed against Alico, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ALCO stocks, concerns whether certain Alico directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that 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.