NEW YORK, Sept. 1, 2016 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Intrexon Corporation (NYSE: XON).
On April 21, 2016, Spotlight Research released a report about Intrexon alleging that the Company's revenues are overstated by 50% through transactions with related parties and/or the use of "round trip" transactions. On this news, shares of Intrexon fell over 26%, to close at $27.10 per share on April 21, 2016. Then, on May 11, 2016, Intrexon shares fell by as much as $2.97 per share, or nearly 11%, on news the Company's first quarter revenues and earnings fell below estimates.
If you are a shareholder of Intrexon and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:
You may also contact Robert H. Lefkowitz, Esq. either via email at firstname.lastname@example.org or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.
Purcell Julie & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Purcell Julie & Lefkowitz LLP