Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Zymergen Inc. (ZY) on Behalf of Investors
Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Zymergen Inc. ("Zymergen" or the "Company") (NASDAQ: ZY) investors concerning the Company's possible violations of the federal securities laws.
If you suffered a loss on your Zymergen investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/zymergen-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at email@example.com to learn more about your rights.
On August 3, 2021, after the market closed, Zymergen issued a business update stating that it "recently became aware of issues with its commercial product pipeline that will impact the Company's delivery timeline and revenue projections." As a result, Zymergen "no longer expects product rvenue in 2021, and expects product revenue to be immaterial in 2022." The Company also announced that its Chief Executive Officer, Josh Hoffman (News - Alert), was stepping down, effective immediately.
On this news, the Company's share price fell as much as 70% in afterhours trading on August 3, 2021, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Zymergen should consider their options to aid the investigation or take advantage of the SEC (News - Alert) Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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