DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Marrone Bio Innovations, Inc. (“Marrone” or “Company”) (NasdaqGM: MBII) and several officers and directors for acts taken during the period of March 7, 2014 to September 2, 2014 (the “Class Period”).
Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Marrone. If you are an affected Marrone shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants issued materially false and misleading statements regarding Marrone’s fourth quarter and fiscal 2013 revenues. The $870,000 increase caused the Company’s fourth quarter and fiscal 2013 net loss to be materially understated and as a result the Company was not on track to achieve the financial results it claimed to be on track to achieve during the Class Period. When news of an internal investigation regarding the revenue statements was released Marrone’s stock dropped.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.