INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Intrexon Corp. & Encourages Investors w...
September 14 2018 - 1:53PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Intrexon Corporation (“Intrexon” or “the Company”)
(NYSE: XON) for violations of §§10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Intrexon filed a Form 8-K with the SEC on
August 9, 2018, announcement that the Company would restate its
unaudited interim consolidated financial statements for the quarter
ended March 31, 2018. The Company improperly applied Accounting
Standards Codification Topic 606, Revenue from Contracts with
Customers, resulting in the restatement. According to Intrexon,
“these errors have resulted in an overstatement of deferred revenue
and accumulated deficit by approximately $67 million as of the
adoption date[.]”
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180914005486/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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