Trending...
- Author Explodes Damning Myths about Hunger in America
- UK Financial Ltd Board of Directors Establishes Official News Distribution Framework and Issues Governance Decision on Official Telegram Channels
- New Jersey Therapy and Life Coaching Unveils Original Dan Fenelon Mural in Voorhees New Jersey Therapy Office
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Renewable Energy Group, Inc. ("Renewable Energy" or the "Company") (NASDAQ: REGI) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate "$38.2 million in cumulative revenue from January 2018 through September 30, 2020" because Renewable Energy was not the "proper claimant for certain BTC [biodiesel mixture excise tax credits] payments on biodiesel it sold between January 1, 2017 and September 30, 2020." Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service "on a $40.5 million assessment, excluding interest" to correct these claims.
More on The Californer
On this news, the Company's share price fell sharply during after-hours trading on February 25, 2021.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Renewable Energy securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, 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 info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
If you are a shareholder who suffered a loss, click here to participate.
On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate "$38.2 million in cumulative revenue from January 2018 through September 30, 2020" because Renewable Energy was not the "proper claimant for certain BTC [biodiesel mixture excise tax credits] payments on biodiesel it sold between January 1, 2017 and September 30, 2020." Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service "on a $40.5 million assessment, excluding interest" to correct these claims.
More on The Californer
- $8 Car Wash in Northridge CA Will Save You Money
- Core Level Health Now Available in Irvine, CA: Daily Multivitamin for Energy + Immune Support
- California: CalRx drives down the cost of naloxone as state program reverses nearly 400,000 overdoses
- California: Governor Newsom provides communities $52 million to build housing and infrastructure, address homelessness
- Governor Newsom announces $47 million in grants to help prevent substance use among California youth, including supports for struggling young men and boys
On this news, the Company's share price fell sharply during after-hours trading on February 25, 2021.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Renewable Energy securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, 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 info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Filed Under: Business
0 Comments
Latest on The Californer
- "Micro-Studio": Why San Diegans are Swapping Crowded Gyms for Private, One-on-One Training at Sweat Society
- National Olympic Committee of Denmark to Establish Base of Operations, Team House in Long Beach for 2028 Olympic Games
- Deckmaster Fine Decks Inc. Earns Diamond Certified® Recognition
- The International Songwriters Day Song Contest Launches!
- 2025 Aquila Polonica Article Prize Winner Announced
- The Womens Freedom Song Contest Launches!
- Ventura Chamber of Commerce Names Cumulus Media VP Sommer Frisk "Shining Star of the Year"
- City of Long Beach to Host Second Business Networking Event Along Santa Fe Avenue Corridor
- New Year's Business Resolution: "Sell Everything and Sell it NOW!"
- Beycome Closes $2.5M Seed Round Led by InsurTech Fund
- IPoly Seniors Tackle Local Infrastructure Challenges Through Civic Action Projects
- Long Beach Health Department Urges Community to Avoid Kratom and 7-OH Products Amid Rising Overdose Risk
- IPoly High School Earns 'All Blue' State Achievement Distinction, Receives Golden Bell Award
- Sonet.io Unveils Safer Enterprise Architecture for AI Agents Without Internet Exposure
- New Year's Business Resolution Number One: Start using this very effective Marketing Math Today!
- Tru by Hilton Columbia South Opens to Guests
- Christy Sports donates $56K in new gear to SOS Outreach to help kids hit the slopes
- As Donald Trump attempts to restrict health care for LGBTQ youth, California partners with The Trevor Project to launch statewide suicide prevention training for 988 crisis counselors
- "BigPirate" Sets Sail: A New Narrative-Driven Social Casino Adventure
- Phinge CEO Ranked #1 Globally by Crunchbase for the Last Week, Will Be in Las Vegas Jan. 4-9, the Week of CES to Discuss Netverse & IPO Coming in 2026