NEW YORK, Nov. 8, 2016 /PRNewswire/ -- Attorney Advertising
-- Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims on behalf of purchasers of the securities TerraVia
Holdings, Inc. ("TerraVia" or the "Company") (NASDAQ: TVIA). Such
investors are advised to contact Peretz
Bronstein or his investor relations analyst Yael Hurwitz at info@bgandg.com or
212-697-6484.
The investigation concerns whether TerraVia and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On November 7, 2016,
Bloomberg broadcasted a news report, "Soylent Thinks It
Found What Was Making People Sick: Algae." The article described
how Soylent, Rosa Foods, Inc.'s meal replacement drink, includes an
algal flour ingredient provided by TerraVia. This ingredient has
caused Soylent consumers to become sick and Rosa Foods said it will
remove the ingredient by early 2017. Mark Brooks, TerraVia's Senior Vice President
denied that the Company's algal flour was responsible for making
consumers sick, however Bloomberg added that TerraVia had
sent a letter in July to EN-R-G Foods, LLC, a separate customer,
warning that TerraVia's algal protein ingredient had been linked to
a "modest number of reports" with similar complaints and ailments,
like nausea and vomiting, connected with EN-R-G's Honey Stinger energy bar. Following this news,
TerraVia stock dropped $0.15 per
share, or 8.11%, to close at $1.70 on
November 7, 2016.
If you are aware of any facts relating to this investigation, or
purchased TerraVia shares, you can assist this investigation by
visiting the firm's site: http://www.bgandg.com/tvia. You can
also contact Peretz Bronstein or his
Investor Relations Analyst, Yael
Hurwitz of Bronstein, Gewirtz & Grossman, LLC:
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC