Amyris Dodges Suit Alleging Earnings Misstatements

Law360, Los Angeles (March 25, 2014, 4:32 PM EDT) -- A California federal judge on Monday scrapped a putative securities class action accusing renewable energy company Amyris Inc. of knowingly making false and misleading statements over the production of a chemical used in transportation fuels, finding the allegations lacked particularity.

Granting defendants' motion to dismiss with leave to amend, U.S. District Judge William H. Orrick ruled that Amyris and President/CEO John G. Melo didn't know at the time they issued a press release and held earnings calls that production levels of its chemical product Biofene wouldn't...
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