Company Website:
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LOS ANGELES -- (Business Wire)
Goldberg
Law PC (www.Goldberglawpc.com)
reminds investors in Solazyme, Inc. (“Solazyme” or the “Company”)
(NASDAQ: SZYM),
who purchased or otherwise acquired shares between February 27, 2014 and
May 5, 2014, inclusive (the “Class Period”), of the August 24, 2015
deadline to file a motion to be appointed as lead plaintiff.
If you are a shareholder who suffered a loss during the Class Period, we
advise you to contact Michael
Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey,
CA 90292, at 800-977-7401, to discuss your rights without cost to you.
You can also reach us through the firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.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.
Solazyme is a San Francisco-based bioproducts company that produces
sustainable oils from microalgae. The Company uses an industrial
fermentation process to transform plant-based sugars into triglyceride
oils, which are used in a wide range of products. The complaint alleges
that Solazyme issued false and/or misleading statements and concealed
material information concerning the production capacity of its oil
producing facility in Moema, Brazil. Solazyme improperly concealed
ongoing construction delays caused by inadequate access to electricity
and steam utility services. The diminished capacity of Solazyme’s
Brazilian oil facility was made known to the investing public on
November 5, 2014, when the Company disclosed that it needed to “narrow
[its] production focus to smaller volumes of higher value products.” As
a result of this news, shares of Solazyme fell $4.35 per share, or 58.08
percent, to close on November 6, 2014, at $3.14 per share on heavy
volume.
If you have any questions concerning your legal rights in this case,
please immediately contact Goldberg Law PC at 800-977-7401, via email at info@goldberglawpc.com,
or visit our website at Goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150703005337/en/
Contacts:
Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian
Schall, Esq., 800-977-7401
info@goldberglawpc.com
Goldberglawpc.com
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Source: Goldberg Law PC
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