Zeldes & Haeggquist, LLP Announces Investigation of Neptune Technologies &
SAN DIEGO -- December 04, 2012
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, LLP
Amber L. Eck, 619-342-8000
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