Company News »

MARRONE BIO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Marrone Bio Innovations, Inc.

Business Wire
Share on StockTwits
Published on

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 4, 2014 to file lead plaintiff applications in a securities class action lawsuit against Marrone Bio Innovations, Inc. (Nasdaq: MBII), if they purchased the Company’s securities between March 6, 2014 and September 2, 2014, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of California.

What You May Do

If you purchased shares of Marrone Bio and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 4, 2014.

About the Lawsuit

Marrone Bio and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.

On September 3, 2014, the Company announced that its Audit Committee had “commenced an internal investigation after management learned of documents calling into question the recognition of revenue in the fourth quarter of 2013 for an $870,000 transaction.” Marrone Bio also disclosed that “the Audit Committee ha[d already] determined that the company’s financial statements for the fiscal year ended December 31, 2013, the unaudited interim financial statements for the three month period ended March 31, 2014 and the three- and six- month periods ended June 30, 2014, should no longer be relied upon as being in compliance with generally accepted accounting principles.”

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

Share on StockTwits