Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Calavo’s 60,000-square-foot facility in Temecula is the largest avocado packing and cooling facility in California. The facility can store up to 85,000 cartons of fresh-packed avocados. Shane Gibson photo.
A class action complaint was filed against Calavo Growers, Inc., its chief executive officer Lecil E. Cole, and chief operating officer Arthur Bruno, by three law firms. The resulting news has been heard by many Fallbrook growers and stockholders.
While the initial complaint did not specify the amount in monetary damages being sought, it alleges that during the time period March 5, 2012 through Jan. 14, 2015, Calavo (and its officers and directors) violated federal securities laws under the Securities Exchange Act of 1934.
The premise of the suit revolves around the company’s 2011 acquisition...
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