Pomerantz LLP

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Landec Corporation

We are investigating Landec Corporation (LNDC) (“Landec” or the “Company”) for potential violations of the federal securities laws.  On January 2, 2020, Landec disclosed investigations by the U.S. Securities & Exchange Commission and Department of Justice regarding “potential environmental and Foreign Corrupt Practices Act (‘FCPA’) compliance matters associated with regulatory permitting” at a manufacturing plant in Mexico owned by Yucatan Foods, which Landec acquired in December 2018.  On this news, Landec’s stock price fell $1.14 per share, or 10.21%, to close at $10.03 per share on January 3, 2020.