Minnesota Lawyer Regulatory and legal
Judge approves $3.75 million Lifecore investor settlement
A federal judge has granted final approval for a $3.75 million settlement in a securities class action lawsuit against Lifecore Biomedical Inc. Investors accused Lifecore of making false statements about its financial condition and internal accounting controls, which led to a stock price drop after disclosures of material weaknesses. The settlement, which represents about 5.3% of estimated maximum …