January 16, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Calavo Growers, Inc. (NASDAQ:CVGW) shares over potential securities laws violations by Calavo Growers and certain of its directors and officers in connection certain financial statements was announced .

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Calavo Growers, Inc. (NASDAQ:CVGW) concerning whether a series of statements by Calavo Growers, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Calavo Growers, Inc. reported that its Total Revenue rose from $522.53 million for the 12 months period that ended on October 31, 2011 to $691.45 million for the 12 months period that ended on October 31, 2013 and that its respective Net Income grew from $11.07 million to $17.35 million. Shares of Calavo Growers, Inc. (NASDAQ:CVGW) grew from $21.75 per share in September 2012 to as high as $48.73 per share in November 2014.

On January 15, 2015, Calavo Growers, Inc. announced its fiscal 2014 fourth quarter and full year results. Calavo Growers, Inc. said that its Total Revenue climbed to $782.50 million for the 12 months period that ended on October 31, 2014 from $691.50 million for the 12 months period that ended on October 31, 2013 and that its respective Net Income increased from $17.3 million to $25.00 million. In addition On January 15, 2015, Calavo Growers announced that it will restate its previously issued financial statements for the fiscal years ended October 31, 2013 and 2012 and the quarters therein, as well as the quarters ended January 31, 2014, April 30, 2014, and July 31, 2014. The restatements are attributable to a misstatement in Calavo Grower's treatment of contingent consideration in its acquisition of Renaissance Food Group, LLC in June 2011. Shares of Calavo Growers, Inc. (NASDAQ:CVGW) declined from $48.30 per share on January 14, 2015, to as low as $43.00 per share on January 15, 2015.