Marrone Shareholder Alert- National Securities Law Firm Encourages Marrone Bio Innovations, Inc. Shareholders With Significant Losses to Contact Law Firm
September 4, 2014
New York, New York
Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities fraud claims against on behalf of purchasers of the securities of Marrone Bio Innovations, Inc. (“Marrone Bio Innovations” or the “Company”) (MBII).
The investigation focuses on whether the Company and certain of its executives violated federal securities laws.
On September 3, 2014 Marrone Bio Innovations announced in a regulatory filing that, “our board’s Audit Committee has commenced an internal investigation after learning of documents calling into question the recognition of revenue in the fourth quarter of 2013 for an $870,000 transaction. On September 2, 2014 the Audit Committee concluded, after consultation with management, that our previously reported financial statements as of December 31, 2013 and for the fiscal year ended December 31, 2013 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, the related report of the independent auditors on those 2013 financial statements dated March 25, 2014, and the unaudited interim financial statements included in the Company’s Quarterly Reports on Forms 10-Q for the quarters ended March 31, 2014 and June 30, 2014, should no longer be relied upon.”
On this news, shares of Marrone Bio Innovations fell $2.50 or 44.25% on September 3, 2014 to $3.15 per share.
If you purchased shares of Marrone Bio Innovations and suffered significant losses on your investment, and wish to discuss this matter at no cost or expense, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.