Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Enzymotec Ltd. (ENZY) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Enzymotec Ltd. (“Enzymotec” or the “Company”) (NASDAQ: ENZY) of the November 4, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Enzymotec, certain executives and directors of Enzymotec, and the underwriters of the Company’s initial public offering.
A complaint has been filed in the District of New Jersey on behalf of all persons who purchased or otherwise acquired Enzymotec securities pursuant and/or traceable to the Company’s Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with Enzymotec’s initial public offering on or about September 27, 2013 (the “IPO”) and/or between September 27, 2013 through August 4, 2014, inclusive (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that Enzymotec made materially false and/or misleading statements and/or failed to disclose during the Class Period that: (i) the Company’s baby formula business located in China was jeopardized and subject to a rise in volatility and a reduction in revenues; (ii) Enzymotec’s Chinese business was subject to material and readily identifiable Chinese compliance regulations; and (iii) one of the Company’s joint ventures was subject to liability and decreasing revenues.
On August 5, 2014, Enzymotec announced that there was an increased impact of Chinese government regulations on its sales of infant formula, and disclosed that its financial results were significantly lower than the prior year in almost all respects.
Following this news, the price of the Company’s stock declined by $5.87, or over 39%, to close at $9.11 on August 5, 2014.
If you invested in Enzymotec stock or options pursuant and/or traceable to the Company’s Registration Statement issued in connection with the IPO and/or between September 27, 2013 through August 4, 2014, and you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Enzymotec’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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