On or around 09/21/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: April 20, 2017
According to the law firm press release, the lawsuit alleges 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.
On August 8, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel.
On September 20, 2017, Plaintiff filed a Notice voluntarily dismissing this action. The Court granted an Order of Dismissal without prejudice on September 21.
Company & Securities Information
Defendant: Amyris, Inc.
Sector: Basic Materials
Industry: Chemical Manufacturing
Headquarters: United States
Ticker Symbol: AMRS
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.