SHAREHOLDER ALERT: Law Firm Gross Notifies Zymergen Inc. Shareholders of Class Action and Lead Plaintiff Deadline October 4, 2021 – (ZY) | 2021-09-23 | Press Releases
New York, New York – (Newsfile Corp. – September 23, 2021) – The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of the shareholders of Zymergen Inc (NASDAQ: ZY).
Shareholders who purchased ZY shares during the stated reference period are encouraged to contact the company regarding a possible appointment of a lead applicant. Appointment as principal applicant is not necessary to participate in any recovery.
CONTACT US HERE:
This lawsuit is on behalf of investors who purchased ZY common stock in accordance with and / or traceable to documents released as part of the Company’s initial public offering in April 2021.
ALLEGATIONS: The complaint alleges that during the Class Action Period, the Defendants made materially false and / or misleading statements and / or failed to disclose that: (1) during the qualification process for the optical film product of the company, Hyaline, of key customers had encountered technical issues, including product shrinkage and incompatibility with customer processes; (2) although the qualification process was essential to gain market acceptance for Hyaline and generate revenue, Zymergen lacked visibility into the qualification process; (3) as a result, the Company overestimated the demand for its products; (4) due to the foregoing, the timing of delivery of the Company’s products was reasonably likely to be delayed, which in turn would delay revenue generation; and (5) as a result of the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were substantially misleading and / or lacked reasonable basis.
DEADLINE: October 4, 2021 Shareholders should soon register for this class action lawsuit. Register your information here: https://securitiesclasslaw.com/securities/zymergen-inc-loss-submission-form/?id=19808&from=5
NEXT STEPS FOR SHAREHOLDERS: Once you have signed up as a shareholder who bought ZY shares during the time period stated above, you will be signed up to portfolio monitoring software to provide you with status updates throughout the cycle. life of the case. The deadline to apply to be a lead applicant is October 4, 2021. There is no cost or obligation for you to participate in this matter.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered from deception, fraud and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The company seeks redress on behalf of investors who have suffered losses when false and / or misleading statements or the omission of important information by a company have caused the company’s stock to be artificially inflated. Lawyer advertising. Past results do not guarantee similar results.
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The company seeks redress on behalf of investors who have suffered losses when false and / or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s shares. Lawyer advertising. Past results do not guarantee similar results.
The gross law firm
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New York, New York State, 10018
Email: [email protected]
Telephone: (212) 537-9430
Fax: (833) 862-7770
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97480