Press release from Business Wire
Zeldes & Haeggquist, LLP Announces Investigation of Neptune Technologies & Bioressources, Inc.
Tuesday, December 04, 2012
Zeldes & Haeggquist, LLP Announces Investigation of Neptune Technologies & Bioressources, Inc.09:01 EST Tuesday, December 04, 2012 SAN DIEGO (Business Wire) -- Zeldes & Haeggquist, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into possible violations of the federal securities laws by certain officers and directors at Neptune Technologies & Bioressources, Inc. (“Neptune” or the “Company”) between December 12, 2011 and November 8, 2012, including purchasers in Neptune's registered public stock offering at $4.10 per share that commenced on September 25, 2012. If you purchased shares of Neptune on the NASDAQ (NASDAQ:NEPT) between December 12, 2011 and November 8, 2012, or purchased shares directly in the September 25, 2012 offering at $4.10 per share, and would like additional information regarding this investigation, or if you have information regarding the matters under investigation, please contact attorney Amber L. Eck at 619-342-8000 or by email at firstname.lastname@example.org. Based in Quebec, Canada, Neptune manufactures and commercializes omega-3 polysaturated fatty acids by extracting oil from Antarctic krill for the nutraceutical, pharmaceutical, cosmetic, and pet food markets. Zeldes & Haeggquist's investigation concerns whether certain of the Company's officers and directors caused Neptune to materially misstate the status of its operations and financial expectations between December 12, 2011, when Neptune announced that it had commenced a massive expansion of its sole production plant in Quebec, Canada, and November 8, 2012, when that production plant exploded, killed three, injured 18 others, decimating the plant and destroying the Company's inventory. Thereafter, while trading in Neptune's stock remained suspended through November 26, 2012, several media sources reported that the Quebec Ministry of Environment had cited the Company for installing equipment that facilitated their storage of dangerously high levels of highly flammable acetone at the production plant, and for failing to obtain the necessary permits to undertake the massive expansion. Based on these disclosures and other financial repercussions from the plant explosion, Neptune's stock plummeted when trading was resumed on November 26, 2012. Zeldes & Haeggquist is a full-service law firm which brings major class actions nationwide on behalf of defrauded investors and consumers and handles a variety of complex business litigation matters. Please visit www.zhlaw.com for more information. Zeldes & Haeggquist, LLPAmber L. Eck, email@example.com