Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Neptune Technologies & Bioressources Inc.

  Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Neptune
  Technologies & Bioressources Inc.

Business Wire

LOS ANGELES -- January 7, 2013

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of New
York on behalf of a class (the “Class”) comprising all purchasers of the
common stock of Neptune Technologies & Bioressources Inc. (“Neptune
Technologies” or the “Company”) (NASDAQ:NEPT) between December 12, 2011 and
November 8, 2012, inclusive (the “Class Period”).

Neptune Technologies is a Canadian 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 Complaint alleges that throughout the Class Period the defendants
issued materially false and misleading statements regarding the Company’s
business, operations and financial prospects. Specifically, defendants
misrepresented and/or failed to disclose that: (1) the Company had installed
larger acetone storage tanks at the Company’s Sherbrooke, Québec, production
facility, storing dangerously high levels of acetone that exceeded the limits
established by the Québec Ministry of Environment in 2002; (2) the Company
failed to obtain permission from the Québec government to commence expansion
of the Sherbrooke facility; (3) the Company had been pursuing market share
regardless of the downward pressure and risk to its profit margins; and (4) as
a result, Neptune Technologies’ statements concerning its operational
performance, growth and financial prospects were false and misleading.

If you are a member of the above-described Class, you may move the Court, no
later than February 18, 2013 to serve as lead plaintiff; however, you must
meet certain legal requirements. If you wish to learn more about this action
or have any questions concerning this Notice or your rights or interests with
respect to these matters, please contact Michael Goldberg, Esquire, of Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, by telephone at 310-201-9150 or Toll Free at 888-773-9224,
by e-mail to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
 
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