Market Overview

DOLE Investors: GPM Announces the Filing of a Securities Class Action on Behalf of Dole Food Company, Inc. Investors

Share:
LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP ("GPM") announces the filing of a class action lawsuit on behalf of investors who sold Dole Food Company, Inc. ("Dole" or the "Company") (NYSE: DOLE) securities between January 2, 2013 and October 31, 2013, inclusive (the "Class Period"). Investors who sold shares of Dole securities during the Class Period are encouraged to contact Lesley Portnoy of GPM at 310-201-9150 to discuss their legal rights.

The complaint alleges that during the Class Period defendants Dole and its senior executive officers engaged in a deceitful scheme to depress the value of Dole securities and thereby acquire the publicly held shares of Dole in order to convert the Company into a privately-held enterprise owned by Dole Chairman and CEO, David H. Murdock ("Murdock").

Murdock made his initial proposal to take Dole private at $12.00 per share on June 12, 2013. Then, on August 12, 2013, the Board announced that Dole and Murdock had entered into and signed a definitive merger agreement by which Murdock would acquire all of the outstanding shares of Dole common stock not currently held by him for $13.50 per share. The Murdock acquisition of Dole closed on November 1, 2013.

If you sold shares of Dole during the Class Period you may move the Court no later than February 8, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. If you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

View Comments and Join the Discussion!