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Metabolix, Inc. (MBLX)

(NASDAQ: MBLX)

Summary

Faruqi & Faruqi, LLP Calls on Investors Who Suffered Losses in Excess of $100,000 From Investments in Metabolix, Inc. to Inquire About the April 17, 2012 Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Metabolix, Inc. (“Metabolix” or the “Company”) (NASDAQ: MBLX).

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that:  (1) Metabolix’s ‘Telles’ joint venture with ADM would not meet the project’s commercial phase benchmark as early as mid-2010, or even in 2011; (2) the Company would not receive royalties or payments from services related to Telles; and (3) that Mirel was not a commercially viable product and would fail to offer value to Metabolix and its shareholders.

On January 12, 2012, Metabolix issued a press release announcing that ADM had given notice that it was terminating the Telles joint venture. ADM disclosed that their decision was the result of uncertainty about Telles' projected capital and production costs, ongoing concerns about the rate of market adoption of the joint venture's products, and the inability of the joint venture to deliver sufficient results in a reasonable time frame. On this news, shares of Metabolix collapsed by approximately 57% to close on January 13, 2012, at a multi-year low of only $2.54 per share.

Take Action

If you purchased Metabolix securities between March 10, 2010 and January 12, 2012 and would like to discuss your legal rights, contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Metabolix’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 02/29/2012

Class Period:

  • 03/10/2010 - 01/12/2012

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.