Zeldes Haeggquist & Eck, LLP Announces Investigation of KiOR, Inc.
SAN DIEGO -- August 29, 2013
Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation
firm, has commenced an investigation into possible violations of the federal
securities laws and other violations of law by certain officers and directors
at KiOR, Inc. (“KiOR”) (NASDAQ:KIOR).
KiOR is a renewable fuels company based in Pasadena, Texas that utilizes a
proprietary biomass-conversion fuel technology platform for the production and
sale of cellulosic gasoline and diesel. On August 8, 2013, KiOR announced that
the Company had shipped only 75,000 gallons of fuel from the Columbus,
Mississippi facility during the second quarter. In addition, the Company
reported revenue for the quarter of only $240,000 – approximately 12% of the
$1.93 million average of five analysts’ estimates compiled by Bloomberg.
Following this news, KiOR shares dropped nearly 50% – from $4.76 per share on
August 7, 2013 to $2.62 on August 15, 2013.
The investigation focuses on what KiOR and its executives knew prior to their
August 8, 2013 announcement, that KiOR was not on track to produce
commercially meaningful quantities of biofuel at its Columbus facility in the
amounts, or on the schedule, projected.
What You Can Do
If you are an investor in KiOR, you may have legal claims against KiOR and/or
its Officers and Directors. If you wish to discuss this investigation, or have
questions about this notice or your legal rights, please contact attorney
Amber L. Eck at 619-342-8000, or by email at firstname.lastname@example.org. There is no
cost to you.
Zeldes Haeggquist & Eck, LLP 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 or our blog for more information about the firm.
Zeldes Haeggquist & Eck, LLP
Amber L. Eck, 619-342-8000
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