May 26, 2017 - Defendants filed a motion to dismiss.

April 26, 2017 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Terravia Holdings Inc (NASDAQ: SZYM) common shares between May 4, 2016 and November 6, 2016. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 4, 2016 and November 6, 2016.

April 7, 2017 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

January 17, 2017 - Lead plaintiff motions were filed.

November 16, 2016 - An investor in shares of Terravia Holdings Inc (NASDAQ: SZYM) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Terravia Holdings Inc in connection with certain allegedly false and misleading statements made between August 8, 2016 and November 7, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Terravia Holdings Inc (NASDAQ: SZYM) common shares between August 8, 2016 and November 7, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 8, 2016 and November 7, 2016 the defendants made false and/or misleading statements and/or failed to disclose that Terravia Holdings Inc’s products caused gastrointestinal distress, such as nausea and vomiting and that as a result, defendants’ statements about Terravia Holdings Inc’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times.

Terravia Holdings Inc reported that its annual Total Revenue declined from $60.39 million in 2014 to $46.13 million in 2015 and that its Net Loss decreased from $162.14 million in 2014 to $141.45 million in 2015.

On November 7, 2016, an article was published entitlet “Soylent Thinks It Found What Was Making People Sick: Algae”, stating that Rosa Foods, Inc.’s flagship meal replacement drink, Soylent, contains an algal flour ingredient provided by Terravia Holdings Inc that causes consumers to become sick and that Rosa Foods will be removing the ingredient altogether from its product formulations by early 2017. Although Terravia Holdings Inc Senior Vice President denied that Terravia Holdings Inc’s algal flour was responsible, it was reported that Terravia Holdings Inc sent a letter in July to a separate customer, EN-R-G Foods, LLC warning that Terravia Holdings Inc’s algal protein ingredient had been linked to a “modest number of reports” related to EN-R-G’s Honey Stinger energy bar showing ailments similar to those reported by Soylent customers, namely nausea and vomiting.