UPCOMING DEADLINE: Levi & Korsinsky, LLP Announces Class Action Against
KiOR, Inc. and Its Board of Directors and Deadline of October 21, 2013 to
Seek Lead Plaintiff Position
NEW YORK -- October 18, 2013
Levi & Korsinsky announces that a class action lawsuit has been commenced in
the USDC for the Southern District of Texas on behalf of investors who
purchased KiOR, Inc. (“Kior” or the “Company”) (NASDAQ: KIOR) securities
between August 14, 2012 and August 7, 2013.
For more information, click here: http://zlk.9nl.com/kior-inc-kior/.
The complaint alleges that throughout the Class Period, defendants made false
and/or misleading statements and/or failed to disclose that: (a) the Company
was not on track to produce commercially meaningful quantities of biofuel at
its Columbus facility in the amounts projected by management; (b) the Company
lacked adequate internal and financial controls over its calculation and
forecasting of production levels at said facility; and (c) as a result of the
foregoing, the Company's statements were materially false and misleading at
all relevant times.
On August 8, 2013, KiOR announced it had only shipped 75,000 gallons of fuel
from this facility during the second quarter. The Company also announced a net
loss of $38.5 million for the second quarter, compared to a loss of $31.3
million for the first quarter of the year. Upon this news, shares of KiOR fell
from a close of $4.72 per share on August 7, 2013 to a close of $3.67 on
August 12, 2013.
If you suffered a loss in KiOR you have until October 21, 2013 to request that
the Court appoint you as lead plaintiff. Your ability to share in any recovery
doesn’t require that you serve as a lead plaintiff. To obtain additional
information, contact Joseph E. Levi, Esq. either via email at email@example.com or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
(212) 363-7500, toll-free: (877) 363-5972
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