BERKELEY, Calif.--(BUSINESS WIRE)--Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, today advised investors of the Oct. 21, 2013 deadline to move to be a lead plaintiff in the lawsuit filed against KiOR, Inc. (NASDAQ:KIOR) (“KIOR” or “The Company”) alleging the company violated securities laws. Investors who suffered financial losses can inquire about this issue with Hagens Berman attorneys by emailing KIOR@hbsslaw.com.
Investors who purchased KIOR common stock between Aug. 14, 2012, and Aug. 7, 2013 (the “Class Period”), and who have significant losses, may qualify to be a lead plaintiff. The deadline to move for the position of lead plaintiff in the case is Oct. 21, 2013. For more information, investors are invited to contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling (510) 725-3000, or check online at http://www.hb-securities.com/investigations/KIOR.
Hagens Berman’s investigation centers on what KIOR and its executives knew prior to an Aug. 8, 2013, announcement, in which the company told investors that it had shipped far less biofuel than it had previously projected. Following the announcement, the company’s stock price was cut nearly in half.
“Our investigation seeks to discover what KIOR executives knew, long before the August announcement, about their production estimates and any undisclosed issues impacting those estimates,” said Hagens Berman Partner Reed Kathrein. “It seems incongruous that KIOR executives kept stringing along investors with productions estimates that they did not meet for so long.”
Persons with non-public information may want to consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
Hagens Berman Sobol Shapiro, LLP is an investor-rights class-action law firm with offices in nine cities including the San Francisco Bay Area where this lawsuit has been filed. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com. The Firm’s Securities Newsletter is at http://www.hb-securities.com/newsletter.