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Lifeway Foods ( (LWAY) ) has issued an update.
On February 14, 2025, Lifeway Foods’ legal counsel addressed a letter to Edward and Ludmila Smolyansky’s counsel regarding alleged misstatements and omissions they made in a press release. The letter clarifies that the Board of Directors, not the Compensation Committee, discussed Julie Smolyansky’s retention bonus, and Julie was not involved in the decision-making process. The letter emphasizes that the allegations of a proxy war involving the company are unfounded and that the issues in question are personal family matters unrelated to the company’s operations. It also addresses the claim about the independence of directors and the sale of Edward’s shares, attributing the latter’s failure to sell shares to his own actions rather than the company’s interference.
More about Lifeway Foods
YTD Price Performance: -11.23%
Average Trading Volume: 70,023
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $325.7M
For a thorough assessment of LWAY stock, go to TipRanks’ Stock Analysis page.
