EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against TerraVia Holdings, Inc. - TVIA
November 08 2016 - 2:21PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces it
is investigating potential securities claims on behalf of
shareholders of TerraVia Holdings, Inc. (NASDAQ:TVIA) resulting
from allegations that TerraVia may have issued materially
misleading business information to the investing public.
On November 7, 2016, Bloomberg published an article
entitled Soylent Thinks It Found What Was Making People Sick:
Algae, stating that Rosa Foods, Inc.’s flagship meal replacement
drink, Soylent, contains an algal flour ingredient provided by
TerraVia that causes consumers to become sick and that Rosa Foods
will be removing the ingredient altogether from its product
formulations by early 2017. Although TerraVia Senior Vice President
Mark Brooks adamantly denied that TerraVia’s algal flour was
responsible, Bloomberg reported that TerraVia sent a
letter in July to a separate customer, EN-R-G Foods, LLC warning
that TerraVia’s algal protein ingredient had been linked to a
“modest number of reports” related to EN-R-G’s Honey Stinger energy
bar showing ailments similar to those reported by Soylent
customers, namely nausea and vomiting. On this news, shares of
TerraVia’s fell $0.15 per shares or over 8% to close at $1.70 per
share on November 7, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by TerraVia investors. If you purchased shares of
TerraVia please visit the firm’s website at
http://www.rosenlegal.com/cases-989.html for more information. You
may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via email at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Follow us for updates on LinkedIn:
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https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.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