IMPORTANT INVESTOR ALERT: Goldberg Law PC Reminds Investors with Losses Greater Than $100,000 in Solazyme, Inc. of August 24,...
July 03 2015 - 6:34PM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) reminds investors in
Solazyme, Inc. (“Solazyme” or the “Company”) (NASDAQ: SZYM), who
purchased or otherwise acquired shares between February 27, 2014
and May 5, 2014, inclusive (the “Class Period”), of the August 24,
2015 deadline to file a motion to be appointed as lead
plaintiff.
If you are a shareholder who suffered a loss during the Class
Period, we advise you to contact Michael Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del
Rey, CA 90292, at 800-977-7401, to discuss your rights without cost
to you. You can also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
Solazyme is a San Francisco-based bioproducts company that
produces sustainable oils from microalgae. The Company uses an
industrial fermentation process to transform plant-based sugars
into triglyceride oils, which are used in a wide range of products.
The complaint alleges that Solazyme issued false and/or misleading
statements and concealed material information concerning the
production capacity of its oil producing facility in Moema, Brazil.
Solazyme improperly concealed ongoing construction delays caused by
inadequate access to electricity and steam utility services. The
diminished capacity of Solazyme’s Brazilian oil facility was made
known to the investing public on November 5, 2014, when the Company
disclosed that it needed to “narrow [its] production focus to
smaller volumes of higher value products.” As a result of this
news, shares of Solazyme fell $4.35 per share, or 58.08 percent, to
close on November 6, 2014, at $3.14 per share on heavy volume.
If you have any questions concerning your legal rights in this
case, please immediately contact Goldberg Law PC at 800-977-7401,
via email at info@goldberglawpc.com, or visit our website at
Goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150703005337/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comGoldberglawpc.comhttps://twitter.com/search?q=golberglawpc&src=typdhttps://www.facebook.com/pages/Goldberg-Law-PC/850505465033804?fref=ts