Cadiz Inc

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Case Summary
Company Name: Cadiz Inc
Stock Symbol : (NASDAQ: CDZI)
Class Period Start: 03/10/2014
Class Period End: 04/21/2015
Lead Plaintiff motion: 06/23/2015
Date Filed: 04/24/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 23, 2015 lead plaintiff deadline in a class action lawsuit filed against Cadiz Inc (NASDAQ: CDZI) (“Cadiz” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Cadiz securities between March 10, 2014 and April 21, 2015, have until June 23, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Cadiz securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Bureau of Land Management had previously determined that Cadiz Valley Water Conservation, Recovery and Storage Project  did not meet a “railroad purpose” as required to use an existing right-of-way on government land. Additionally claiming they failed to disclose that the Bureau of Land Management’s determination concerning the Project in conjunction with the 2012 Consolidated Appropriations Act rendered the project unviable.  

On April 21, 2015, a report was published on seekingalpha.com that cited documents, received pursuant to a Freedom of Information Act (“FOIA”) request, concerning Cadiz’s water project.

Following the disclosure of these details shares of Cadiz Inc (NASDAQ: CDZI) declined by $0.72 or nearly 8% per share, to close on April 21, 2015 at $8.98 per share.

If you were negatively impacted by your investment in Cadiz securities between March 10, 2014 and April 21, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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Please find below an excerpt of the complaint filed

Cadiz Inc Complaint 2015

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