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AMYRIS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Amyris, Inc. - AMRS

NEW ORLEANS, Feb. 26, 2021 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Amyris, Inc. (NasdaqGS: AMRS). A
AMYRIS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Amyris, Inc. - AMRS
On November 13, 2018, the Company reported poor financial results for third quarter 2018, with $14.9 million revenue compared to $22.5 million revenue in the prior year period, and attributed the performance to the "volatility of the Vitamin E market."On March 19, 2019, the Company disclosed that its 2018 annual report would not be filed timely due to "significant time and resources that were devoted to the accounting for and disclosure of the significant transactions with Koninklijke DSM N.V. that closed in November 2018" and that it "is in the process of completing its evaluation of internal control over financial reporting and may have further deficiencies to report."Finally, onA AprilA 11,A 2019,A the CompanyA announcedA thatA itA wasA restatingA its fiscalA 2018 resultsA toA reduceA revenueA byA atA leastA $12A millionA andA increaseA netA lossA byA atA leastA $7A million, explaining,A amongA otherA things, that "aA materialA errorA wasA madeA relatedA toA theA estimatesA for recognizingA revenueA forA royaltyA payments" and that it "expects to report material weaknesses in addition to the material weakness reported in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017."
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