INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Cadiz, Inc. To Contact The Firm Ahead of Lead Plaintiff Deadline

News provided by

Jun 09, 2015, 04:10 ET

NEW YORK, June 9, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in Cadiz, Inc. ("Cadiz" or the "Company") (NASDAQ: CDZI) of the June 23, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Cadiz and certain executives.

A complaint has been filed in the Central District of California on behalf of all persons who purchased Cadiz common stock from March 10, 2014 through April 21, 2015 (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that (i) the Bureau of Land Management ("BLM") had determined that Cadiz's primary project, the Cadiz Valley Water Conservation, Recovery and Storage Project (the "Project") failed to meet a "railroad purpose," which is required to use an existing right-of-way on government land and (ii) the determination of the BLM regarding the Project in conjunction with the 2012 Consolidated Appropriations Act made the Project unviable.

On April 21, 2015, SeekingAlpha.com published a report revealing that the Company had acknowledged in a letter dated July 12, 2013 that the BLM previously had determined that the Project did not meet a "railroad purpose." The report also showed that the Company is nearing bankruptcy.

Following this news, the price of the Company's stock declined by $0.72 per share, or over 7%, to close at $8.98 on April 21, 2015.

Request more information now by clicking here: www.faruqilaw.com/CDZI. There is no cost or obligation to you.

Take Action
If you invested in Cadiz stock, bonds or options during the Class Period and would like to discuss your legal rights, visit www.faruqilaw.com/CDZI. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding the Company's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO

SOURCE Faruqi & Faruqi, LLP