NEW ORLEANS, July 24, 2015 /PRNewswire/ -- Kahn Swick &
Foti, LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they
have until August 24, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against Solazyme, Inc. (NasdaqGS: SZYM) if they purchased
the Company's securities between February
27, 2014 and November 5, 2014,
inclusive (the "Class Period"), including purchasers in the
Company's registered public offerings on March 27, 2014. This action is pending in the
United States District Court for the Northern District of
California.
What You May Do
If you purchased shares of Solazyme 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 August 24,
2015.
About the Lawsuit
Solazyme and certain of its executives are charged with failing
to disclose material information during the Class Period and in
connection with the March 27, 2014
Offerings, violating federal securities laws.
Solazyme allegedly made false statements and omissions about its
construction progress, development and production capacity at its
renewable oils production facility located in Moema, Brazil (the "Moema Facility"), failing to
disclose that the Moema Facility was experiencing construction
delays due to insufficient access to electricity and steam utility
services, and that these challenges would prohibit the Moema
Facility from scaling its capacity production as
projected.
On November 5, 2014, the truth
regarding the Moema Project was revealed to investors, and the
price of Solazyme's shares plummeted by 58%.
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.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/solazyme-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick--foti-llc-reminds-investors-including-march-27-2014-offerings-purchasers-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-300116848.html
SOURCE Kahn Swick & Foti, LLC