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LIFECORE CLASS ACTION SHAREHOLDER LAWSUITS DISMISSED

 CHASKA, Minn., July 8 /PRNewswire/ -- Lifecore Biomedical, Inc. (NASDAQ: LCBM) today announced that United States District Court Judge David S. Doty has dismissed the class action shareholder litigation pending against both the company and James W. Bracke, its president and chief executive officer.
 Both Lifecore and Bracke were named as defendants in a number of shareholder lawsuits filed during October of 1992 in the United States District Court for the District of Minnesota. The lawsuits were related to the decline of the price of the company's common stock at that time and alleged fraud by the defendants in misrepresenting the company's business prospects. Pursuant to court order, the lawsuits were subsequently combined in a Consolidated Amended Complaint filed on March 4, 1993. The complaint was dismissed by Doty in an order dated June 14, 1993, which allowed plaintiffs a 20-day amendment period. That period expired July 6, 1993, and counsel for the plaintiffs informed Lifecore that they will not be amending the complaint. Lifecore has filed a motion for order directing entry of judgment.
 Lifecore Biomedical, Inc., develops, manufactures and markets sterile medical devices for a variety of surgical applications through both direct sales and OEM supplier relationships.
 -0- 7/08/93
 /CONTACT: James W. Backe, president and CEO, or Colleen M. Olson, vice president, both of Lifecore Biomedical, 612-368-4300/
 (LCBM)


CO: Lifecore Biomedical, Inc. ST: Minnesota IN: MTC SU:

DB -- MN007 -- 9452 07/08/93 11:08 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:239
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