intrexon investigation, xon investigation

Class Action News

Levi & Korsinsky Announces an Investigation of Intrexon Corporation (XON)

Levi & Korsinsky

August 15, 2018

Levi & Korsinsky is investigating Intrexon Corporation (“Intrexon” or “the Company”) (NYSE: XON) concerning possible violations of federal securities laws. On August 9, 2018, Intrexon filed an 8-K announcing that it would restate the unaudited interim consolidated financial statements included in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2018. The restatement is the result of incorrect application of certain aspects of  Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. According to the Company, “these errors have resulted in an overstatement of deferred revenue and accumulated deficit by approximately $67 million as of the adoption date…” Then on August 13, 2018, Intrexon filed an amended and restated 10-Q for the quarter ended March 31, 2018. To obtain additional information about the Intrexon investigation, go tohttp://www.zlk.com/pslra-d/intrexon-corporation-2 or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.