Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Northern District of California on behalf of shareholders of Solazyme, Inc. (NASDAQ: SZYM) who purchased shares between February 27, 2014 and November 5, 2014.
The complaint alleges that the Company made materially false and/or misleading statements and omitted material information concerning the production capacity of its oil producing facility in Moema, Brazil. In particular, it is alleged that Solazyme improperly concealed ongoing construction delays caused by inadequate access to electricity and steam utility services. If you suffered a loss in Solazyme you have until August 24, 2015 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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