Deadline on October 4th coming up in Lawsuit for Investors in Zymergen Inc. (NASDAQ: ZY) shares

A deadline is coming up on October 04, 2021 in the lawsuit filed for certain investors of Zymergen Inc. (NASDAQ: ZY) over alleged securities laws violations by Zymergen Inc. (NASDAQ: ZY).

Investors who purchased shares of Zymergen Inc. (NASDAQ: ZY) have certain options and there are strict and short deadlines running. Deadline: October 04, 2021. NASDAQ: ZY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Zymergen Inc. (NASDAQ: ZY) who purchased common Zymergen Inc. (NASDAQ: ZY) stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s April 2021 initial IPO” or the “Offering, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Defendants failed to disclose to investors that, during the qualification process for Hyaline, key customers had encountered technical issues, including product shrinkage and incompatibility with customers’ processes, that, though the qualification process was critical to achieving market acceptance for Hyaline and generating revenue, Zymergen lacked visibility into the qualification process, that, as a result, the Company overestimated demand for its products, that, as a result of the foregoing, the Company’s product delivery timeline was reasonably likely to be delayed, which in turn would delay revenue generation, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Zymergen Inc. (NASDAQ: ZY) have certain options and should contact the Shareholders Foundation.

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

 

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