Recent Security Class Actions

According to the law firm press release, the lawsuit alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) a large customer of BioAmber that was expected to purchase $2.8 million of succinic acid in Q4 2016 experienced a technical problem in its manufacturing facility and postponed the order to 2017; and (2) as a result, defendants' statements about BioAmber's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.