NEW YORK, Oct. 13, 2007 LAWFUEL – Litigation News & Announcements — The Rosen Law Firm
(http://www.rosenlegal.com) announced today that 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”).
To join the Dyadic securities litigation as a plaintiff or for further
information, please call Laurence Rosen, Esq. or Phil Kim, Esq.
toll-free at 866-767-3653 or email [email protected] or
[email protected] .
You can join the class action online at http://www.rosenlegal.com . A
class action lawsuit has already been filed on behalf of Dyadic
shareholders. If you wish to serve as lead plaintiff, you must move the
Court no later than December 11, 2007. If you wish to join the
litigation or to discuss your rights or interests regarding this class
action, please contact attorney Laurence Rosen, Esq. or Phil Kim Esq.
of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
[email protected] or [email protected] No class has yet been
certified in the above action. Until a class is certified, you are not
represented by counsel unless you retain one. You may also remain an
absent class member.
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.
The Rosen Law Firm http://www.rosenlegal.com has expertise in
prosecuting investor securities litigation and extensive experience in
actions involving financial fraud. The Rosen Law Firm represents
investors throughout the nation, concentrating its practice in
securities class actions.
More information on this and other class actions can be found on the
Class Action Newsline at www.primenewswire.com/ca