|[August 23, 2013]
KiOR Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor, LLP announce that a federal class action lawsuit has been
filed against KiOR, Inc. ("KiOR" or "Company") (NasdaqGS: KIOR). The
firms are investigating additional legal claims against the officers and
Board of Directors of KiOR during the period of August 14, 2012 and
August 7, 2013 (the "Class Period").
If you are an affected investor and you want to learn more about the
lawsuit or join the action, contact Willie Brscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
In a recently filed federal class action complaint, KiOR and certain of
its officers and directors were charged with violating certain
provisions of the Securities Exchange Act of 1934. Specifically, the
complaint alleges that among other things, defendants misrepresented
and/or failed to disclose that: (a) KiOR was not on track to produce
commercially meaningful quantities of biofuel at the Columbus facility
in the amounts projected by management during the timeframes promised;
(b) KiOR lacked adequate internal and financial controls over its
calculation and forecasting of production levels at the Columbus
facility; and (c) due to the above, KiOR's statements were materially
false and misleading at all relevant times. When the news was released,
KiOR's stock plummeted.
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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