Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Neptune Technologies &

  Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class
  Action Lawsuit Against Neptune Technologies & Bioressources Inc.

Business Wire

LOS ANGELES -- January 26, 2013

Glancy Binkow & Goldberg LLP announces that 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”), have until February 18, 2013 to file a motion
with the Court to be appointed as lead plaintiff. The securities fraud class
action lawsuit was filed in the United States District Court for the Southern
District of New York.

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 purchased Neptune Technologies common stock between December 12, 2011
and November 8, 2012, you may move the Court no later than February 18, 2013
to serve as lead plaintiff; however, you must meet certain legal requirements.
To be a member of the Class you need not take action at this time; you may
retain counsel of your choice or take no action and remain an absent Class
member. To learn more about this action, or if you 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, 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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