In Pennsylvania, the Law Offices of Howard G. Smith is investigating potential claims against Neptune Technologies & Bioressources for possible violations of federal securities laws. No suit has been filed, and so these can only be viewed as allegations. Neptune is a biotechnology company engaged in the research, development and commercialization of products derived from marine biomasses for the nutraceutical, pharmaceutical, cosmetic and pet food markets.
The investigation stems from Neptune’s statements concerning its operations, growth strategy and financial performance and prospects were false and misleading. This stems from Neptune having installed larger acetone tanks than allowed and failed to obtain permission from the Québec Ministry of Environment and that Neptune had been chasing market share at the cost of its profit margins.