Renewable Energy Co. Misled Over 2016 Revenues, Suit Says

Law360, New York (April 20, 2017, 7:19 PM EDT) -- A proposed class of Amyris Inc. investors alleged in a California federal suit Thursday that the renewable energy company had failed to tell shareholders it accepted a stake in a company instead of a cash payment, causing it to miss a revenue estimate by $10 million.

Investor Kevin Ohren said Amyris reported in March and April that its revenue for 2016 was $77.2 million, but later reported the figure would be $67.2 million due to its choice to accept a stake in an affiliate of Blue...
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Case Information

Case Title

Ohren v. Amyris, Inc. et al


Case Number

3:17-cv-02210

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

William H. Orrick

Date Filed

April 20, 2017

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