NEW YORK, Oct. 18, 2019 /PRNewswire/ -- WeissLaw LLP, a
national class action and shareholders' rights law firm with
offices in New York, Los Angeles and Atlanta, announces the investigation of
Amyris, Inc. (NASDAQ: AMRS) ("AMRS," or the "Company"), its Board
of Directors, and certain Company officers for, among other things,
possible breaches of fiduciary duty and violations of federal
securities laws.
If you are a shareholder of AMRS who wishes to
discuss the investigation or have any questions about this notice
and your rights or interests, visit our website:
http://www.weisslawllp.com/amyris-inc/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)593-4771
stockinfo@weisslawllp.com
On April 11, 2019, the Company
filed with the SEC a form 8-K announcing that it would be issuing
restatements for its financial results for the periods ended
March 31, 2018 through September 30, 2018. AMRS attributed this to
material errors made in connection with its revenue recognition
practices, expenses, and in certain foreign currency
transactions. As a result, the Company anticipated
significant reductions in the earnings figures previously reported
for those periods.
On that news, AMRS' share price dropped $1.51, or approximately 39%, from its
April 10 trading price of
$4.10 to trade for as low as
$2.59 on the following day.
WeissLaw is investigating whether AMRS' Board breached its
fiduciary duties to the Company and made materially false and/or
misleading statements to shareholders by failing to ensure that an
adequate system of internal controls was maintained over the
Company's operations and financial reporting. If you wish to
discuss this investigation or have any questions concerning this
notice or your rights or interests, please contact Joshua Rubin of WeissLaw LLP at
(888)593-4771, or by e-mail at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients.
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SOURCE WeissLaw LLP