NASDAQ GM
CDZI

Cadiz Inc.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Cadiz Inc. (NASDAQ GM: CDZI)

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of Cadiz Inc. (“Cadiz” or the “Company”) (NASDAQ GM: CDZI) between March 10, 2014 and April 21, 2015, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Cadiz during the Class Period, or purchased shares prior to the Class Period and still hold Cadiz,  and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) the Bureau of Land Management (“BLM”) had previously determined that Cadiz Valley Water Conservation, Recovery and Storage Project (the “Project”) did not meet a “railroad purpose” and therefore was outside of Arizona & California Railroad’s right-of-way and (2) the BLM’s determination and Appropriations Act rendered the project unviable.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on April 21, 2015, SeekingAlpha.com published a report revealing among other things that the Company acknowledges in a letter dated July 12, 2013 that the BLM previously determined that the Project does not serve a “railroad purpose” and continued to maintain its determination even after the Company provided additional information, and that BLM’s determination that the Project does not meet a “railroad purpose” in conjunction with the Appropriations Act renders the Project unviable.

On this news, shares in Cadiz dropped almost 11% over the next two days, closing at $8.65 per share on April 22, 2015, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than June 23, 2015.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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