ATLANTA, GA – – (ACCESSWIRE – December 16, 2022) – – Holzer & Holzer, LLC is investigating whether Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) complied with federal securities laws.  On December 13, 2022, Alico disclosed that the Company’s Audit Committee concluded that certain of the Company’s previously issued financial statements can no longer be relied upon due to an error relating to deferred tax liabilities identified during the completion of the Company’s Annual Report on Form 10-K. As a result, the Company restated certain audited and unaudited consolidated balance sheets and consolidated statements of changes in equity and related disclosures that were filed between the quarters ended on December 31, 2020, and June 30, 2022. Following this disclosure, the Company’s stock price dropped.

If you purchased Alico stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at  cholzer@holzerlaw.com  or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website https://holzerlaw.com/case/alico/ to discuss your legal rights.