IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces an Ongoing Investigation of Claims against Solazyme, Inc. on Behalf of In...
June 29 2015 - 1:00AM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that it is
investigating claims of potential misrepresentations by Solazyme,
Inc. (“Solazyme” or the “Company”) (NASDAQ: SZYM). The
investigation focuses on whether the Company and its officers
violated securities laws by allegedly concealing material
information from investors.
If you purchased or otherwise acquired Solazyme shares and would
like more information regarding the investigation, 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.
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 Company is being investigated for allegedly issuing false
and/or misleading statements and concealing 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,
or visit our website at http://www.Goldberglawpc.com, or email us
at info@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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150628005073/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.comhttps://twitter.com/goldberglawpchttps://www.facebook.com/pages/Goldberg-Law-PC/850505465033804?fref=ts