| Company: | Dyadic International, Inc. |
| Ticker Symbol: | AMEX: DIL |
| Class Period: | November 10, 2006 to April 23, 2007 |
| Date Filed: | Oct-13-07 |
| Lead Plaintiff Deadline: | Dec-11-07 |
| Court: | Southern District, FL |
| Allegations: |
A class action has been commenced in the United States District Court for the Southern District of Florida on behalf of purchasers of Dyadic International, Inc. ("Dyadic") (AMEX:DIL) securities during the period from November 10, 2006 through April 23, 2007 (the "Class Period").
The complaint asserts claims against defendants Dyadic International, Inc., Mark A. Emalfarb, Stephen J. Warner, Harry Z. Rosengart, Richard J. Berman, Robert B. Shapiro and Glenn E. Nedwin for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges operational and financial improprieties perpetrated by the Company and its Asian subsidiaries, and knowingly and/or recklessly approved by the defendants, which culminated in an internal investigation and subsequent firing of the Company's Chairman and Chief Executive Officer Mark A. Emalfarb. As a result of the improprieties in the Company's Asian subsidiaries and the subsequent internal investigation, the Company has abandoned its Asian operations and the Company's stock, which was artificially inflated as a result of the material omissions and misstatements contained within the Company's publicly filed financial statements and reports, is no longer publicly traded and is at risk of being delisted, resulting in total loss of equity for owners of Dyadic's securities.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The complaint asserts claims against defendants Dyadic International, Inc., Mark A. Emalfarb, Stephen J. Warner, Harry Z. Rosengart, Richard J. Berman, Robert B. Shapiro and Glenn E. Nedwin for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges operational and financial improprieties perpetrated by the Company and its Asian subsidiaries, and knowingly and/or recklessly approved by the defendants, which culminated in an internal investigation and subsequent firing of the Company's Chairman and Chief Executive Officer Mark A. Emalfarb. As a result of the improprieties in the Company's Asian subsidiaries and the subsequent internal investigation, the Company has abandoned its Asian operations and the Company's stock, which was artificially inflated as a result of the material omissions and misstatements contained within the Company's publicly filed financial statements and reports, is no longer publicly traded and is at risk of being delisted, resulting in total loss of equity for owners of Dyadic's securities.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
