EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against TerraVia Holdings, Inc.
November 16 2016 - 11:36AM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces
that it has filed a class action lawsuit on behalf of purchasers of
TerraVia Holdings, Inc. securities (NASDAQ: TVIA) from August 8,
2016 through November 7, 2016, both dates inclusive (the “Class
Period”). The lawsuit seeks to recover damages for TerraVia
investors under the federal securities laws.
To join the TerraVia class action, go to
http://www.rosenlegal.com/cases-989.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period Defendants
made false and/or misleading statements and/or failed to disclose
that: (1) TerraVia’s products caused gastrointestinal distress,
such as nausea and vomiting; and (2) as a result, Defendants’
statements about TerraVia’s business, operations, and prospects
were false and misleading and/or lacked a reasonable basis at all
relevant times. On November 7, 2016, Bloomberg reported that
TerraVia sent a letter to a distributor in July warning that
TerraVia had received reports showing that algal protein can cause
gastrointestinal distress. On this news, shares of TerraVia fell
$0.15 per share or over 8% to close at $1.70 per share on November
7, 2016, damaging investors.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
January 17, 2017. If you wish to join the litigation, go to
http://www.rosenlegal.com/cases-989.html or to discuss your rights
or interests regarding this class action, please 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:
https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161116006191/en/
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