We Give Shareholders a Voice
Levi & Korsinsky announces the filing of a class action lawsuit in the USDC for the Northern District of California on behalf of shareholders of Intrexon Corporation (NYSE: XON) who purchased shares between May 12, 2015 and April 20, 2016.
The complaint alleges that Intrexon issued false and misleading financial statements to investors. On April 21, 2016, Spotlight Research issued a report revealing that Intrexon’s revenues were overstated by 50% through transactions with related parties. Upon this news, shares of Intrexon fell approximately 26% to close at $27.10 per share on April 21, 2016.
If you suffered a loss in Intrexon you have until July 5, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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