Pawar Law Group Announces Filing of Securities Class Action Lawsuit Against Amyris, Inc. - AMRS

Accesswire 21-Apr-2017 6:47 PM

NEW YORK, NY / ACCESSWIRE / April 21, 2017 / The Pawar Law Group announces a class action lawsuit on behalf of Amyris, Inc. (NASDAQ: AMRS) investors who purchased Amyris stock between March 2, 2017 and April 17, 2017, inclusive (the "Class Period"). The suit is for recovery of investor losses.

To participate in this class action lawsuit, visit the firm's website at http://pawarlawgroup.com/cases/amyris-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com or call toll free at (866) 999-0873.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) in the first quarter of 2017, Amyris made a decision to take an equity stake in one of Blue California's affiliates that focused on the sweetener market in lieu of cash payment under the license agreement; (2) consequently, due to Amyris' decision, Amyris would be unable to recognize $10 million in fourth quarter and fiscal year 2016 revenue from the license agreement with Blue California; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than June 19, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/amyris-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com

Contact:

Vik Pawar, Esq. Pawar Law Group20 Vesey Street, Suite 1210 New York, NY 10007 Tel: (212) 571-0805 Fax: (212) 571-0938 vik@pawarlawgroup.com

SOURCE: Pawar Law Group

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