TerraVia Holdings Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | TerraVia Holdings Inc |
Stock Symbol : | NASDAQ: SZYM |
Class Period Start: | 08/08/2016 |
Class Period End: | 11/07/2016 |
Lead Plaintiff motion: | 01/17/2017 |
Date Filed: | 11/16/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the January 17, 2017 lead plaintiff deadline in a class action lawsuit filed against TerraVia Holdings Inc (NASDAQ: SZYM) (“TerraVia” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased TerraVia Holdings Inc securities between August 8, 2016 and November 7, 2016, have until January 17, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased TerraVia Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that TerraVia’s products caused gastrointestinal distress, such as nausea and vomiting; and as a result, 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, an article published by Bloomberg claimed that an algal flour ingredient provided by TerraVia causes consumers to become sick, and that Rosa Foods will be removing the ingredient altogether from its product formulations by early 2017. On this news, NASDAQ:SZYM dropped $0.15 per share, or 8.11%, to close at $1.70 on November 7, 2016. If you were negatively impacted by your investment in TerraVia Holdings Inc securities between August 8, 2016 and November 7, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |