Please select the Settled Cases link to the left to view pending securities class action settlements for which the deadline for filing a proof of claim has not been passed.
|
NUTRACEA
Class Period: Aug 14, 2007 to Feb 23, 2009
Lead Plaintiff Deadline: Apr 29, 2009 + Deadline passed
Summary of Case: A securities class action has been fied against NutraCea (Ticker: NTRZ.OB) on behalf of all common stock purchasers from August 14, 2007 though February 23, 2009 (Class Period) in the United States District Court for the District of Arizona. The deadline to file for lead plaintiff is April 29, 2009.
The complaint alleges that Defendants issued materially inaccurate financial statements to the investing public. On February 23, 2009, NutraCea announced that it would be restating revenue for the quarterly periods from the second quarter of 2007 through the fourth quarter of 2008 and for the fiscal year ended December 31, 2007. The restatement is due to NutraCea's improper recognition of revenue on two transactions in 2007. Of the approximately $22.2 million of revenue reported for 2007, NutraCea estimates that $4.6 million will be reversed. News of the pending restatement caused NutraCea's stock price to fall significantly, damaging investors.
If you purchased this company's shares during the Class Period and suffered a loss, please contact Scott + Scott LLP through the links below.
CLICK HERE FOR MORE INFORMATION
SCOTT + SCOTT LLP, ATTORNEYS AT LAW COPYRIGHT © 2007
ATTORNEY ADVERTISING. Results depend on a number of factors unique to each matter.
Prior results do not guarantee a similar outcome.
|
|
|
