SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Dole Food Company, Inc. (DOLE)

NEW YORK, Dec. 15, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Dole Food Company, Inc. ("Dole" or the "Company") (previously listed onNYSE: DOLE) during the period of January 2, 2013 to October 31, 2013, inclusive (the "Class Period"). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at [email protected] or 212-697-6484.

This investigation concerns whether Dole Food Company, Inc. and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

The investigation alleges that during the Class Period, Dole and its senior executive officers fraudulently manipulated the publicly held shares of Dole and converted the Company to a privately-held enterprise owned by David H. Murdock ("Murdock"), Dole's Chairman of the Board and CEO. Dole and its executive officers falsely undervalued the Company's operations and finances and failed to disclose material information. Their intention was to deceive the investing public, thus allowing the price of Dole's stock to drop, enabling Murdock to buy Dole Food Company at an unnaturally lowered price.

Following this, on June 10, 2013, Murdock propositioned to take Dole private at a price of $12.00 per share. On August 12, 2013, the Dole's Board announced that it had entered into and signed a definitive merger agreement with Murdock, and stated that Murdock would acquire all of the outstanding shares of Dole's stock for $13.50 per share. The merger completed on November 1, 2013, the day following the close of the Class Period.

If you are aware of any facts relating to this investigation, or purchased shares of Dole Food Company, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected].  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected] 

SOURCE Bronstein, Gewirtz & Grossman, LLC

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