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AMRS.US
id: 319
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
N.D. California
Court
15 Mar 2018
Class period Start
19 Mar 2019
Class period End
25 Oct 2022
Claim deadline
Carbone v. Amyris, Inc., et al.

Amyris agreed to pay $13,5 million to settle a securities class action lawsuit accusing the Company of multiple suspected felonies.

The complaint alleged that Amyris and its Leaders were materially misrepresenting Amyris’s financial results, its royalty revenues, and the effectiveness of its internal control over financial reporting. These misleading statements created artificial inflation in the price of Amyris common stock.

The true facts began to reveal themselves on November 13, 2018, when Defendants announced disappointing Q3 royalty revenues that missed previous projections by $15 million.

Further, the complaint alleged that the truth was further revealed on March 19, 2019, when Amyris disclosed that it would be unable to timely file its annual report due to continued evaluation of Amyris’s internal control over financial reporting, which could result in material deficiencies being reported.

Following these disclosures, the price of Amyris’s stock fell nearly 30% and 20%, respectively.

Amyris agreed to settle with investors to avoid further litigation.
Case Status
Accepting Late Claims
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Vincent Carbone
Attorneys
Federman & Sherwood (Oklahoma City), Green & Noblin, P.C.
Judge
Hon. Yvonne Gonzalez Rogers
Administrator
KCC
Court hearing date
08 November 2022
+$13,500,000
Cash Settlement Amount

Amyris Inc

Amyris, Inc. operates as a biotechnology company in Europe, North America, Asia, South America, and internationally. It creates, manufactures, and commercializes consumer products and ingredient, i...

    Ticker
    AMRS.US
    ISIN
    US03236M2008
    CIK
    1365916
    Sector
    Basic Materials
    Industry
    Specialty Chemicals
    Country
    USA
    Address
    5885 Hollis Street, EmeryVille, CA, United States, 94608