Law Offices of Howard G. Smith Announces Investigation of Neptune Technologies & Bioressources Inc.

  Law Offices of Howard G. Smith Announces Investigation of Neptune
  Technologies & Bioressources Inc.

Business Wire

BENSALEM, Pa. -- December 26, 2012

Law Offices of Howard G. Smith announces that it is investigating potential
claims against Neptune Technologies & Bioressources Inc. (“Neptune” or the
“Company”) (NASDAQ:NEPT) concerning possible violations of federal securities
laws.

Neptune is a biotechnology company engaged in the research, development and
commercialization of products derived from marine biomasses for the
nutraceutical, pharmaceutical, cosmetic and pet food markets. The
investigation is related to allegations that Neptune misrepresented or failed
to disclose that: (1) the Company had installed larger acetone storage tanks
at its Sherbrooke, Québec, production plant, allowing it to store amounts that
exceeded those permitted by the certificate of authorization issued by the
Québec Ministry of Environment in 2002; (2) the Company failed to obtain
permission from the Québec government to commence expansion at the Sherbrooke
plant; (3) the Company had been chasing market share at the cost of its profit
margins; and (4) as a result, the Company’s statements concerning its
operations, growth strategy and financial performance and prospects were false
and misleading.

If you purchased Neptune common stock between December 12, 2011 and November
8, 2012, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
Press spacebar to pause and continue. Press esc to stop.