Shareholder alert: investigation on behalf of marrone bio innovations, inc. announced by law offices of howard g. smith

Bensalem, pa.--(business wire)--law offices of howard g. smith announces that it is investigating potential claims on behalf of investors of marrone bio innovations, inc. (“marrone” or the “company”) (nasdaq:mbii) concerning possible violations of federal securities laws. the investigation focuses on certain statements issued by marrone concerning the company’s operations and financial performance. marrone provides bio-based pest management and plant health products for the crop protection, water treatment, and other target markets in the united states and internationally. the investigation is related to the company’s september 3, 2014, disclosure in a regulatory filing that the audit committee of the company’s board of directors has commenced an internal investigation “after learning of documents calling into question the recognition of revenue in the fourth quarter of 2013 for an $870,000 transaction.” the company further disclosed that on september 2, 2014, the audit committee concluded that marrone’s previously reported financial statements as of december 31, 2013, and for the fiscal year ended december 31, 2013, included in the company’s form 10-k for the year ended december 31, 2013; the related report of the independent auditors on those 2013 financial statements; and the unaudited interim financial statements included in the company’s forms 10-q for the quarters ended march 31, 2014, and june 30, 2014, “should no longer be relied upon.” following these disclosures, the price of marrone shares dropped more than 44%, or $2.50 per share, to a closing price of $3.15 per share on september 3, 2014. if you purchased marrone shares, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact howard g. smith, esquire, of law offices of howard g. smith, 3070 bristol pike, suite 112, bensalem, pennsylvania 19020 by telephone at (215) 638-4847, toll free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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