SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In Solazyme, Inc. ...
July 08 2015 - 12:47PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the Northern
District of California on behalf of purchasers of Solazyme, Inc.
(“Solazyme” or the “Company”) (NasdaqGS: SZYM) securities during
the period between February 27, 2014 and November 5, 2014,
inclusive (the “Class Period”), including certain securities issued
by Solazyme pursuant and/or traceable to either of two registered
public offerings on or about March 27, 2014 (the “Offerings”).
Investors who wish to become proactively involved in the litigation
have until August 24, 2015 to seek appointment as lead
plaintiff.
If you have suffered a loss from investment in Solazyme
securities purchased on or after February 27, 2014 and held through
the revelation of negative information during and/or at the end of
the Class Period, as described below, and would like to learn more
about this lawsuit and your ability to participate as a lead
plaintiff, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above action.
Members of the Class will be represented by the lead plaintiff and
counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from
investment in Company securities during the Class Period. Brower
Piven also encourages anyone with information regarding the
Company’s conduct during the period in question to contact the
firm, including whistleblowers, former employees, shareholders and
others.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 and the Securities Act of 1933 by
virtue of the defendants’ failure to disclose during the Class
Period and/or in connection with the Offerings the truth regarding
the construction progress, development, and expected production
capacity associated with the Company’s renewable oils production
facility located in Moema, Brazil (the “Moema Facility”).
According to the complaint, following the Company’s November 5,
2014 announcement that it would focus production at the Moema
Facility to smaller volumes of higher value products due to
continued issues generating consistent power and steam, the value
of Solazyme’s shares declined significantly.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150708006134/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com