NEW YORK, Sept. 1, 2016 /PRNewswire/ -- Purcell Julie &
Lefkowitz LLP, a class action law firm dedicated to representing
shareholders nationwide, is investigating a potential breach of
fiduciary duty claim involving the board of directors of Intrexon
Corporation (NYSE: XON).
On April 21, 2016, Spotlight
Research released a report about Intrexon alleging that
the Company's revenues are overstated by 50% through transactions
with related parties and/or the use of "round trip" transactions.
On this news, shares of Intrexon fell over 26%, to close at
$27.10 per share on April 21, 2016. Then, on May 11, 2016, Intrexon shares fell by as much as
$2.97 per share, or nearly 11%, on
news the Company's first quarter revenues and earnings fell below
estimates.
If you are a shareholder of Intrexon and are interested in
obtaining additional information regarding this investigation, free
of charge, please visit us at:
http://pjlfirm.com/intrexon-corporation/
You may also contact Robert H.
Lefkowitz, Esq. either via email at rl@pjlfirm.com or by
telephone at 212-725-1000. One of our attorneys will
personally speak with you about the case at no cost or
obligation.
Purcell Julie & Lefkowitz LLP is a law firm exclusively
committed to representing shareholders nationwide who are victims
of securities fraud, breaches of fiduciary duty and other types of
corporate misconduct. For more information about the firm and its
attorneys, please visit http://pjlfirm.com. Attorney
advertising. Prior results do not guarantee a similar
outcome.
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SOURCE Purcell Julie & Lefkowitz LLP