Yield10 Bioscience
| File:Metabolix Logo.jpg | |
| Nasdaq: MBLX | |
| Industry | Specialty Chemicals |
| Headquarters | Cambridge, MA , USA |
Key people | Richard P. Eno (CEO), Anthony J. Sinskey (Founder), Joseph D. Hill (CFO), Oliver P. Peoples (CSO) |
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| Owner | Fidelity Investments, Jack Schuler, State Farm Insurance, others |
Number of employees | 119 |
| Website | www |
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This article was last edited by Keitsist (talk | contribs) 12 years ago. (Update timer) |
Metabolix is a bioplastics technology development and commercialization company. It is a spinoff of the University of Massachusetts Lowell
Joint Venture
On January 13, 2012 ADM announced that it was scrapping the joint venture. Metabolix's stock plunged 57% immediately after this announcement, leading to a class action suit.
Lawsuit
Following the collapse of the Telles joint venture, shareholders of Metabolix filed a class-action lawsuit claiming that executives knowingly misled them about the viability of the production process of Mirel. The case, Coyne et al v. Metabolix, Inc., was filed on February 17, 2012 in Boston's federal court, citing Section 12(a)(2) of the Securities Act of 1933. It names executives Eno and Hill in addition to Metabolix.
Notes
References
- "Block & Leviton LLP Files Securities Class Action Against Metabolix, Inc". Reuters. Boston. 2012-03-27. Retrieved 2012-10-04.
- "Coyne et al v. Metabolix, Inc". Justia Dockets & Filings. Retrieved 2012-10-04.
- Jewell, Mark (2007-10-19). "Makers of emerging plant-based plastics hope to carve larger market niche". Associated Press Archive. Retrieved 2012-10-04.
- Jewell, Mark (2007-10-28). "How 'green' are new bioplastics? - They may be biodegradable but otherwise aren't so environmentally friendly". Grand Rapids Press (All Editions ed.). p. 19. ISSN n/a. Retrieved 2012-10-04.
{{cite news}}: Check|issn=value (help) - Hovanesian, Mara Der (2008-08-13). "I Have Just One Word for You: Bioplastics". BusinessWeek: magazine. Retrieved 2012-10-04.
- LaMonica, Martin (2008-08-11). "Metabolix grows bioplastics in switchgrass". CNET. Retrieved 2012-10-04.
- Montenegro, Maywa (2009-11-10). "Bioplastics Man". Seed Magazine. Retrieved 2012-10-04.
- Szaniszlo, Marie (2012-02-22). "Bioplastics firm sued after major deal fails". Boston Herald (ALL ed.). p. 23. ISSN 0738-5854. Retrieved 2012-10-04.
External links
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