News & Media

Entwistle & Cappucci Appears as Proposed Lead Counsel in Federal Action Against Dole Food Company, Inc.

February 22, 2016

February 2016

NEW YORK, NY, February 22, 2016 – Entwistle & Cappucci LLP (“E&C”) announced that it has appeared on behalf of an institutional investor group to serve as co-lead counsel in a securities fraud class action brought on behalf of former investors in Dole Food Company, Inc (“Dole”). The action, captioned San Antonio Fire & Police Pension Fund and Police Health Care Fund, San Antonio v. Dole Food Company, Inc., David H. Murdoch, and C. Michael Carter, No. 1:15-cv-01140-SLR (D.Del.), alleges a complex scheme to manipulate the publicly traded price of Dole common stock shares in advance of a proposed transaction to take Dole private orchestrated by the controlling shareholder and CEO David Murdock. This action alleges violations of Section 10(b) of the Securities Exchange Act of 1934 (the “’34 Act”) against Dole, its CEO David Murdock (“Murdock”), and its COO C. Michael Carter (“Carter”), as well as “control person” liability for fraud, in violation of Section 20(a) of the ’34 Act, against Murdock and Carter.