NASDAQ: ALCO

Alico, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Alico, Inc. (NASDAQ: ALCO) between February 4, 2021 and December 13, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than April 18, 2023.

Class Period:February 4, 2021 through December 13, 2022
If you purchased Alico securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

During the Class Period, 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;
  • as a result, the Company had improperly calculated Alico’s deferred tax liabilities over a milti-year period;
  • accordingly, the Company would likely be required to restate one or more of its previously issued financial statements;
  • 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
  • as a result, the Company’s public statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Alico, Inc.
Stock Symbol: ALCO
Class Period: February 4, 2021 through December 13, 2022
Court: United States District Court for the Middle District of Florida

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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