An investigation for investors in NASDAQ:SZYM shares over potential securities laws violations by Terravia Holdings was announced and NASDAQ:SZYM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/14/2016 -- An investigation on behalf of investors of Terravia Holdings Inc (NASDAQ:SZYM) shares was announced over potential securities laws violations by Terravia Holdings and certain of its directors.
Investors who purchased shares of Terravia Holdings Inc (NASDAQ:SZYM), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Terravia Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 7, 2016, an article was published entitlet "Soylent Thinks It Found What Was Making People Sick: Algae", stating that Rosa Foods, Inc.'s flagship meal replacement drink, Soylent, contains an algal flour ingredient provided by Terravia Holdings Inc that causes consumers to become sick and that Rosa Foods will be removing the ingredient altogether from its product formulations by early 2017. Although Terravia Holdings Inc Senior Vice President denied that Terravia Holdings Inc's algal flour was responsible, it was reported that Terravia Holdings Inc sent a letter in July to a separate customer, EN-R-G Foods, LLC warning that Terravia Holdings Inc's algal protein ingredient had been linked to a "modest number of reports" related to EN-R-G's Honey Stinger energy bar showing ailments similar to those reported by Soylent customers, namely nausea and vomiting. Shares of Terravia Holdings Inc (NASDAQ:SZYM) closed on November 11, 2016 at $1.41 per share.
Those who purchased shares of Terravia Holdings Inc have certain options and should contact the Shareholders Foundation.
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