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NutraCea (OTC: NTRZ) Investor Securities Class Action Lawsuit 02/27/2009

  • If you purchased shares of NutraCea (OTC: NTRZ), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
NutraCea
Security
OTC: NTRZ

Case Name
NutraCea Shareholder Class Action Lawsuit 02/27/2009
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Arizona

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
nutracea_settlement_notice_6_2010.pdf
Settlement Proof
nutracea_settlement_proof_6_2010.pdf
Filed Complaint
nutracea_original_filing_edited_2_2009.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$1,500,000.00
Deadline to Participate in Settlement

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Summary

October 4, 2010 - The court approved the settlement.
June 3, 2010 - The court preliminarily approved the settlement.

May 17, 2010 - Parties filed a stipulation of settlement.

February 25, 2010 - The court granted in part and denied in part defendants' motions to dismiss.

October 7, 2009 - Defendants filed motions to dismiss.

September 25, 2009 - The lead plaintiff filed an amended consolidated complaint.

September 25, 2009 - The court denied defendants' motions to dismiss.

August 3, 2009 - Defendants filed motions to dismiss.

July 1, 2009 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased NutraCea (OTC: NTRZ) common shares between April 2, 2007 and February 23, 2009. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 2, 2007 and February 23, 2009.

May 29, 2009 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

April 28, 2009 - Lead plaintiff motion was filed.

April 27, 2009 - Another investor filed a complaint on behalf of investors who purchased NutraCea (OTC: NTRZ) common shares between April 2, 2007 and February 23, 2009. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 2, 2007 and February 23, 2009.

February 27, 2009 - An investor in shares of NutraCea (OTC: NTRZ) filed a lawsuit in the U.S. District Court for the District of Arizona on behalf of all purchasers of NutraCea common stock (OTC: NTRZ) during the period from August 14, 2007 through and including February 23, 2009 over alleged violations of Federal Securities Laws by NutraCea.

According to the complaint the plaintiff alleges that NutraCea issued false financial statements that overstated its revenue by $4.6 million or nearly 25% and when NutraCea announced that it would have to restate its financial statements to correct for the revenue overstatement, the price of NutraCea dropped, damaing investors.

nutracea_original_filing_edited_2_2009.pdf
Date Settled