TRADING ALERT: The Rosen Law Firm Reminds Solazyme, Inc. Investors of the Important Class Action Deadline– SZYM
July 20 2015 - 06:48PM
Business Wire
The Rosen Law Firm, a global investor rights firm, reminds
purchasers of Solazyme, Inc. (NASDAQ:SZYM) securities from February
27, 2014 through November 5, 2014, both dates inclusive (the “Class
Period”) including its March 27, 2014 follow-on public stock
offerings (“the Offerings”) of the important August 24, 2015 lead
plaintiff deadline in the class action. The lawsuit seeks to
recover damages for Solazyme investors under the federal securities
laws.
To join the Solazyme class action, go to the firm’s website at
http://www.rosenlegal.com/cases-650.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, during the Class Period, Solazyme
misstated and/or failed or disclose unfavorable news about its new
renewable oils production facility in Moema, Brazil. Solazyme
initially failed to report that the Moema Facility suffered
construction delays stemming from the inadequate availability of
electricity and steam utilities. As a result, the lawsuit claims
that Solazyme was prevented from increasing output to its
previously projected levels. When the true details entered the
market, the complaint asserts that Solazyme’s share price declined
and investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
August 24, 2015. A lead plaintiff is a representative party acting
on behalf of other class members directing the litigation. If you
wish to join the litigation, go to the firm’s website
http://www.rosenlegal.com/cases-650.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
(212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com