Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Neptune Technologies & Bioressources Inc.
2013年1月8日 - 11:50AM
ビジネスワイヤ(英語)
Glancy Binkow & Goldberg LLP announces that a class action
lawsuit has been filed in the United States District Court for the
Southern District of New York on behalf of a class (the “Class”)
comprising all purchasers of the common stock of Neptune
Technologies & Bioressources Inc. (“Neptune Technologies” or
the “Company”) (NASDAQ:NEPT) between December 12, 2011 and November
8, 2012, inclusive (the “Class Period”).
Neptune Technologies is a Canadian biotechnology company engaged
in the research, development and commercialization of products
derived from marine biomasses for the nutraceutical,
pharmaceutical, cosmetic and pet food markets. The Complaint
alleges that throughout the Class Period the defendants issued
materially false and misleading statements regarding the Company’s
business, operations and financial prospects. Specifically,
defendants misrepresented and/or failed to disclose that: (1) the
Company had installed larger acetone storage tanks at the Company’s
Sherbrooke, Québec, production facility, storing dangerously high
levels of acetone that exceeded the limits established by the
Québec Ministry of Environment in 2002; (2) the Company failed to
obtain permission from the Québec government to commence expansion
of the Sherbrooke facility; (3) the Company had been pursuing
market share regardless of the downward pressure and risk to its
profit margins; and (4) as a result, Neptune Technologies’
statements concerning its operational performance, growth and
financial prospects were false and misleading.
If you are a member of the above-described Class, you may move
the Court, no later than February 18, 2013 to serve as lead
plaintiff; however, you must meet certain legal requirements. If
you wish to learn more about this action or have any questions
concerning this Notice or your rights or interests with respect to
these matters, please contact Michael Goldberg, Esquire, of Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067, by telephone at 310-201-9150 or Toll
Free at 888-773-9224, by e-mail to shareholders@glancylaw.com, or
visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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