NEW YORK, May 03, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Intrexon Corporation (“Intrexon” or the “Company”) (NYSE:XON) between May 12, 2015 and April 20, 2016.
You are hereby notified that a securities class action has commenced in the USDC for the Northern District of California. If you purchased or otherwise acquired Intrexon securities between May 12, 2015 and April 20, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/intrexon-corporation.
The complaint alleges that Intrexon issued false and misleading financial statements to investors. On April 21, 2016, Spotlight Research issued a report revealing that Intrexon’s revenues were overstated by 50% through transactions with related parties. Upon this news, shares of Intrexon fell approximately 26% to close at $27.10 per share on April 21, 2016.
If you suffered a loss in Intrexon you have until July 5, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/intrexon-corporation.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.