Saxena White P.A. Files Shareholder Suit Against Dyadic International, Inc.
09 November 2007 - 9:20PM
Marketwired
BOCA RATON, FL (AMEX: DIL) in the United States District Court
for the Southern District of Florida.
You may obtain a copy of the complaint from the Court, by
contacting Saxena White P.A. through its website
www.saxenawhite.com, by emailing jwhite@saxenawhite.com or
gstone@saxenawhite.com or by calling (561) 394-3399.
The complaint seeks damages for violations of federal securities
laws on behalf of all investors who acquired Dyadic securities
between November 10, 2006 and April 23, 2007, inclusive (the "Class
Period").
The complaint alleges operational and financial improprieties
perpetrated by the Company and its Asian subsidiaries approved by
the Defendants, which culminated in an internal investigation and
subsequent firing of the Company's Chairman and Chief Executive
Officer Mark A. Emalfarb. As a result of the improprieties in the
Company's Asian subsidiaries and the subsequent internal
investigation, the Company has abandoned its Asian operations. The
Company's stock was artificially inflated as a result of the
material omissions and misstatements contained within the Company's
publicly filed financial statements and reports. Its stock is
currently suspended for trading on the American Stock Exchange and
is at risk of being delisted, resulting in total loss of equity for
owners of Dyadic's securities.
If you acquired Dyadic securities from November 10, 2006 through
April 23, 2007, you may wish to contact Joe White or Greg Stone at
Saxena White P.A. to discuss your rights and interests:
If you wish to apply to be the lead plaintiff in this action, a
motion on your behalf must be filed with the court no later than
December 11, 2007. You may contact Saxena White P.A. to discuss
your rights regarding the appointment of lead plaintiff and your
interest in the class action. Please note that you may also retain
counsel of your choice and need not take any action at this time to
be a class member.
Saxena White P.A. has offices in Boca Raton, San Francisco, and
Boston, and specializes in prosecuting securities fraud and complex
class actions on behalf of institutions and individuals. Currently
serving as lead counsel in numerous securities fraud class actions
nationwide, the firm has recovered millions of dollars on behalf of
injured investors.
Contact: Joseph White, Esq. Email Contact Greg Stone Email
Contact Saxena White P.A. 2424 North Federal Highway Suite 257 Boca
Raton, FL 33431 Tel: (561) 394-3399 Fax: (561) 394-3382
www.saxenawhite.com