NEW YORK, Sept. 10, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a class action lawsuit has been filed on behalf of all purchasers of the securities of Enzymotec Ltd. (Nasdaq:ENZY) in connection with the Company's initial public offering ("IPO") on or about September 27, 2013. If you purchased Enzymotec stock between September 27, 2013 and August 4, 2014, you may join the class action to recover your losses under the federal securities laws.
To join the Enzymotec class action, go to the website at http://rosenlegal.com/cases-352.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Enzymotec's Registration Statement and Prospectus issued in connection with its IPO misstated and/or failed to disclose that: (1) Enzymotec's Chinese business had to comply with material and readily identifiable regulations implemented by the Chinese government; (2) the Company's infant formula business in China was in jeopardy and experiencing increasing volatility and decreasing revenues; and (3) the Company's joint venture with AarhusKarlshamn AB, marketer of the popular InFat product, was deteriorating, which exposed the Company to liability and decreasing revenues. The lawsuit claims that when this adverse news entered the market the price of Enzymotec dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 4, 2014. If you wish to join the litigation go to http://rosenlegal.com/cases-352.html. To discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe.