BALA CYNWYD, Pa., Sept. 3, 2013 /PRNewswire/ -- Law Office of Brodsky & Smith, LLC announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all those investors who purchased or otherwise acquired shares of KiOR, Inc. (Nasdaq: KIOR) ("KiOR" or the "Company") between August 14, 2012 and August 7, 2013, inclusive (the "Class Period").
Click here to learn more about the investigation http://brodsky-smith.com/631-kior-kior-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
The Complaint alleges that the defendants made materially false and misleading statements concerning the Company's ability to produce meaningful quantities of its biofuel. On August 8, 2013, KiOR disclosed that it shipped only 75,000 gallons of fuel from its Columbus, Mississippi facility during the second quarter. In addition, the Company reported revenue for the quarter of only $240,000, which was well below analyst estimates. Following this news, KiOR shares dropped from $4.76 on August 7, 2013 to $2.62 on August 15, 2013.
If you are a member of the class described above, you may, not later than October 21, 2013, move the Court to serve as a lead plaintiff of the class, if you so choose. If you purchased shares of KiOR stock during the Class Period and wish to discuss this action, you may e-mail or call the Law Office of Brodsky & Smith, LLC who will, without obligation or cost to you, answer your questions. Please contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, by visiting http://brodsky-smith.com/631-kior-kior-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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