A securities class action lawsuit has been filed against TerraVia Holdings, Inc. (NASDAQ: TVIA) in connection to the allegations involving securities sold between August 8, 2016 and November 7, 2016. The law firm of Fitapelli Kurta is interested in speaking to investors who have complaints regarding TerraVia Holdings (TVIA) and wish to participate as a lead plaintiff in the litigation.
The complaint specifically concerns allegations that the company made false statements and/or misleading statements, and/or failed to disclose that TerraVia Holdings’ (TVIA) products led to gastrointestinal distress, with symptoms including vomiting and nausea. These false and/or misleading statements and/or failures to disclose allegedly resulted in statements related to TerraVia Holdings’ business, operations and prospects being false and/or misleading themselves.
According to Bloomberg, TerraVia Holdings “creates and sells food, nutrition, and specialty ingredients from algae. Its platform uses microalgae to produce high-value triglyceride oils, proteins, fibers, micronutrients, and other ingredients.” The description continues: “The company’s principal products include oils and fats; powdered ingredients, including proteins, lipids, fibers, and micronutrients; and other bio products. It also offers products, such as specialty food and nutrition ingredients, animal nutrition ingredients, and specialty personal care ingredients, as well as consumer-focused food products. The company was formerly known as Solazyme, Inc. and changed its name to TerraVia Holdings, Inc. in March 2016.” Headquartered in San Francisco, TerraVia trades on the NASDAQ exchange under TVIA.
A class action lawsuit has already been filed in connection with TVIA. If you wish to serve as lead plaintiff in the TerraVia Holdings lawsuit, you must move the Court no later than January 17, 2017. If you wish to join the litigation, please contract Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.