Cavalo investigation initiated by former louisiana attorney general: kahn swick & foti, llc investigates cavalo growers inc. following announcement of restatement

New orleans--(business wire)--former attorney general of louisiana, charles c. foti, jr., esq., a partner at the law firm of kahn swick & foti, llc (“ksf”), announces that ksf has commenced an investigation into cavalo growers inc. (nasdaq: cvgw). on january 15, 2015, calavo growers announced that it will restate its previously issued financial statements for the fiscal years ended october 31, 2013 and 2012 and the quarters therein, as well as the quarters ended january 31, 2014, april 30, 2014, and july 31, 2014. the restatements are attributable to a misstatement in calavo grower’s treatment of contingent consideration in its acquisition of renaissance food group, llc in june 2011. on this news, the price of cavalo’s shares plummeted by over 9%. ksf’s investigation is focusing on whether cavalo and/or its officers and directors violated state or federal securities laws. if you are a cavalo shareholder who purchased your cavalo shares after september 1, 2014 and has suffered losses related to your investment or have information that would assist ksf in its investigation, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email ksf managing partner lewis kahn (lewis.kahn@ksfcounsel.com). about kahn swick & foti, llc ksf, whose partners include the former louisiana attorney general charles c. foti, jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in new york, california and louisiana. ksf's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders. to learn more about ksf, you may visit www.ksfcounsel.com.
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