INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against TerraVia Holdings, Inc. & Encourages Inve...
20 November 2016 - 2:22AM
Business Wire
Khang & Khang LLP (the “Firm”) announces a class action
lawsuit against TerraVia Holdings, Inc. (“TerraVia” or the
“Company”) (Nasdaq:TVIA). Investors, who purchased or otherwise
acquired shares between August 8, 2016 and November 7, 2016
inclusive (the “Class Period”), are encouraged to contact the Firm
prior to the January 17, 2017 lead plaintiff motion
deadline.
If you purchased shares of TerraVia during the Class Period,
please contact Joon M. Khang, Esquire, of Khang & Khang, 18101
Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or via e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
The complaint alleges that TerraVia made false and/or misleading
statements and/or failed to disclose: that the Company’s products
caused gastrointestinal distress, such as nausea and vomiting; and
as a result, statements about TerraVia’s business, operations, and
prospects were false and misleading and/or lacked a reasonable
basis at all relevant times. On November 7, 2016, Bloomberg
published an article alleging that an algal flour ingredient
provided by TerraVia causes consumers to become sick, and that Rosa
Foods will be removing the ingredient altogether from its product
formulations by early 2017. When this information was released,
shares of TerraVia declined in value, causing investors harm.
If you wish to learn more about this lawsuit at no
charge, or if you have questions concerning this notice or your
rights, please contact Joon M. Khang, a prominent litigator for
almost two decades, by telephone: (949) 419-3834, or via e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20161119005029/en/
Khang & Khang LLPJoon M. Khang, Esq., 949-419-3834Facsimile:
949-225-4474joon@khanglaw.com