{"id":391931,"date":"2020-12-02T11:03:09","date_gmt":"2020-12-02T16:03:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=391931"},"modified":"2020-12-02T11:03:09","modified_gmt":"2020-12-02T16:03:09","slug":"the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-precigen-inc-f-k-a-intrexon-corporation-pgen-xon-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-precigen-inc-f-k-a-intrexon-corporation-pgen-xon-2\/","title":{"rendered":"The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Precigen, Inc. f\/k\/a Intrexon Corporation (PGEN, XON)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"both\">LOS ANGELES, Dec.  02, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NxFrw-HrR5beuNEL-e9nrDmJGTJbqu7nhUKsBGfWnVtQZvhW5Tm8CY3XdgverSY-xQF2MdH7nXNWivEDp8hpJO3SSUywJTRyjwh3wD4LnmUU1QxaugkTWcGB0WZGzZ8b\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">The Law Offices of Frank R. Cruz<\/a> reminds investors of the upcoming\u00a0<strong>December 4, 2020 deadline<\/strong> to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Precigen, Inc. (\u201cPrecigen\u201d or the \u201cCompany\u201d) f\/k\/a Intrexon Corporation (\u201cIntrexon\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=caoyOuYqcjKuV5c-_PxflPJO48wWQN6PclNhyKydOkcs4mwJ-T49_Wd60diH5nBiZ5018rON7pqpwvRSbdr3IBSwKpm_bggYADdIxLEPOZEEcK_XbdHVpqXfin6ptuCvWwPlY9ujtYfFkFNFnqChkEhILYdMHwPfqzMHG73UMA6RyGiHv4feh9epFWzRU1TPss68U4QCFaYZk_TF8d6WwHKPcO3CrsfbIT0BtNIQoJ8DouFzQbN2Z1W0HsIhpyobkb_9mrzWanePNeIqo3r7QRmEhplmb6sEu1VCPPXmvAAaXOyFAFN2IgL253MNd3jU\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">PGEN<\/a>, XON) securities between <strong>May 10, 2017 and September 25, 2020<\/strong>,<strong>\u202f<\/strong>inclusive (the \u201cClass Period\u201d).<\/p>\n<p align=\"left\">If you are a shareholder who suffered a loss, click\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YsO4OUR2HBBuAVRFQ2qY0XTC9e4SaS98w18IN7UTdC52JcDJ7Qw1PU2RaVHC5wJr0auF8zFOjg8SIVaT9vn1xFXv9Xhsjx7lnRvRcfw1Zyw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a>\u00a0to participate.<\/p>\n<p align=\"left\">On September 25, 2020, the U.S. Securities and Exchange Commission (\u201cSEC\u201d) announced a $2.6 million civil penalty against the Company related to its statements about the \u201cpurported success converting relatively inexpensive natural gas into more expensive industrial chemicals using a proprietary methane bioconversion (\u2018MBC\u2019) program.\u201d In its cease-and-desist order, the SEC noted that \u201cIntrexon was primarily using significantly more expensive pure methane for the relevant laboratory experiments but was indicating that the results had been achieved using natural gas.\u201d Though the Company had pitched the program to business partners throughout 2017 and 2018, the SEC pointed out that a \u201cnumber of the potential partners performed due diligence on the MBC program including reviewing lab results and plans for commercialization[, and] Intrexon has not yet found a partner for the MBC program.\u201d<\/p>\n<p align=\"left\">The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Intrexon was using pure methane as feedstock for its announced yields for its methanotroph bioconversion platform instead of natural gas; (2) yields from natural gas as a feedstock were substantially lower than the aforementioned pure methane yields; (3) due to the substantial price difference between pure methane and natural gas, pure methane was not a commercially viable feedstock; (4) the Company\u2019s financial statements for the quarter ended March 31, 2018 were false and could not be relied upon; (5) Intrexon had material weaknesses in its internal controls over financial reporting; (6) the Company was under investigation by the SEC since October 2018; and (7) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p align=\"left\">Follow us for updates on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ecoEBnB_llTUToyzrypVP5mHqH4lkSVSbvdAlkmC6wSmiVTPtOSKRKJaSIB1Jr1UC4rSdbPIrlvN3zuZBTXt9lLkeRSu5bWNmpJq6Ln7nhQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">twitter.com\/FRC_LAW<\/a>.<\/p>\n<p align=\"left\">If you purchased or otherwise acquired Precigen securities during the Class Period, you may move the Court no later than\u00a0<strong>December 4<\/strong><strong>, 2020<\/strong> to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XTDUwGJ-IJJOhuV1y4RO5lqf3iUHxtzO2ias6R9Gq0io2c2wvidCeQsTl4LQBx31KD9WN9XGJOZc0i4DkA3z7USsRqIjLsQF-QDcVbfjbK4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@frankcruzlaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Okmmv9Sv30Ef80leeoj-L1QHMfuKmX9HWXOnXWX5dYMLC1HGRnXlE_9Wjms5oQHnpO46AG-WGH_IDdfW4eAY2HSViEDQAANW1IIxs5FB3AQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n<p align=\"left\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"left\">\n        <strong>Contacts <\/strong>\n      <\/p>\n<p align=\"left\">The Law Offices of Frank R. Cruz, Los Angeles<br \/>Frank R. Cruz, 310-914-5007<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xD81SLVKOwcmIf0ioe_5kzdrHvs0Xto_1y0-4BbBvHNlpPaqKD1MAvNyv0fi41MkOXp6tJcizKQbfHsUmcNXgcV3v6BqQgHoAWiSPCPGijc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fcruz@frankcruzlaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Okmmv9Sv30Ef80leeoj-L4bBNlsY8_doBSpnjTihDyxDNfk3th3hlLwhuCJM8gVq5F9oUni3HTtdUZFj5mfO_-73a_lRLpG8SSZ_-iValkA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDY0OCMzODQ5NjgxIzIxOTQyMzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/97be25ec-1262-44d9-8271-d6ac30491b0d\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz reminds investors of the upcoming\u00a0December 4, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Precigen, Inc. (\u201cPrecigen\u201d or the \u201cCompany\u201d) f\/k\/a Intrexon Corporation (\u201cIntrexon\u201d) (NASDAQ: PGEN, XON) securities between May 10, 2017 and September 25, 2020,\u202finclusive (the \u201cClass Period\u201d). If you are a shareholder who suffered a loss, click\u00a0here\u00a0to participate. On September 25, 2020, the U.S. Securities and Exchange Commission (\u201cSEC\u201d) announced a $2.6 million civil penalty against the Company related to its statements about the \u201cpurported success converting relatively inexpensive natural gas into more expensive industrial chemicals using a proprietary methane bioconversion (\u2018MBC\u2019) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-precigen-inc-f-k-a-intrexon-corporation-pgen-xon-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Precigen, Inc. f\/k\/a Intrexon Corporation (PGEN, XON)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-391931","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Precigen, Inc. f\/k\/a Intrexon Corporation (PGEN, XON) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-precigen-inc-f-k-a-intrexon-corporation-pgen-xon-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Precigen, Inc. f\/k\/a Intrexon Corporation (PGEN, XON) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz reminds investors of the upcoming\u00a0December 4, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Precigen, Inc. (\u201cPrecigen\u201d or the \u201cCompany\u201d) f\/k\/a Intrexon Corporation (\u201cIntrexon\u201d) (NASDAQ: PGEN, XON) securities between May 10, 2017 and September 25, 2020,\u202finclusive (the \u201cClass Period\u201d). If you are a shareholder who suffered a loss, click\u00a0here\u00a0to participate. On September 25, 2020, the U.S. Securities and Exchange Commission (\u201cSEC\u201d) announced a $2.6 million civil penalty against the Company related to its statements about the \u201cpurported success converting relatively inexpensive natural gas into more expensive industrial chemicals using a proprietary methane bioconversion (\u2018MBC\u2019) &hellip; Continue reading &quot;The Law Offices of Frank R. 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Cruz reminds investors of the upcoming\u00a0December 4, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Precigen, Inc. (\u201cPrecigen\u201d or the \u201cCompany\u201d) f\/k\/a Intrexon Corporation (\u201cIntrexon\u201d) (NASDAQ: PGEN, XON) securities between May 10, 2017 and September 25, 2020,\u202finclusive (the \u201cClass Period\u201d). If you are a shareholder who suffered a loss, click\u00a0here\u00a0to participate. On September 25, 2020, the U.S. Securities and Exchange Commission (\u201cSEC\u201d) announced a $2.6 million civil penalty against the Company related to its statements about the \u201cpurported success converting relatively inexpensive natural gas into more expensive industrial chemicals using a proprietary methane bioconversion (\u2018MBC\u2019) &hellip; Continue reading \"The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Precigen, Inc. f\/k\/a Intrexon Corporation (PGEN, XON)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-precigen-inc-f-k-a-intrexon-corporation-pgen-xon-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-02T16:03:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDY0OCMzODQ5NjgxIzIxOTQyMzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-precigen-inc-f-k-a-intrexon-corporation-pgen-xon-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-precigen-inc-f-k-a-intrexon-corporation-pgen-xon-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The Law Offices of Frank R. 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