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TMCNet:  ATTENTION MARRONE BIO INNOVATIONS, INC. SHAREHOLDERS: Johnson & Weaver, LLP Investigates Potential Violations of Federal and State Law Following Announcement of Audit Committee Investigation

[September 03, 2014]

ATTENTION MARRONE BIO INNOVATIONS, INC. SHAREHOLDERS: Johnson & Weaver, LLP Investigates Potential Violations of Federal and State Law Following Announcement of Audit Committee Investigation

SAN DIEGO --(Business Wire)--

Johnson & Weaver, LLP, a shareholder rights law firm, is investigating potential claims on behalf of investors of Marrone Bio Innovations, Inc. (NASDAQ: MBII). 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 and is based in Davis, California. The firm's investigation seeks to determine whether certain statements regarding the Company's business and financials were false and misleading when made.

In a filing with the United States Securities and Exchange Commission ("SEC (News - Alert)") on September 3, 2014, Marrone announced that the Audit Committee of the Company's Board of Directors commenced an internal investigation, at the recommendation of management, after management learned of documents which called into question the recognition of revenue in the fourth quarter of 2013 for an $870,000 tranaction. Additionally, the Audit Committee also determined that the Company's financial statements for the fiscal year ended December 31, 2013, the unaudited interim financial statements for the three month period ended March 31, 2014 and the three- and six- month periods ended June 30, 2014, should no longer be relied upon as being in compliance with generally accepted accounting principles.


Following the release of this news, Marrone shares dropped more than $2.40 per share - or as much as 43% - in intraday trading on September 3, 2014 on heavy volume.

If you are a Marrone shareholder and are interested in learning more about the firm's investigation or your legal rights and remedies, or if you have information that would assist us in our investigation, please contact Michael I. Fistel, Jr. (michaelf@johnsonandweaver.com) at 770-200-3104. If you email, please include your phone number.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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