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News Breaks | | | | November 26, 2012 | | 17:53 EDT |  | NEPT | Neptune Technologies to layoff 70 employees temporarily
Neptune plans to retain approximately 30 of its Sherbrooke employees, 10 full-time and 20 part-time, employed to work on the reconstruction of an operational production facility. Neptune will temporarily layoff over 70 employees in Sherbrooke and at its Laval head office. The duration of the layoff has not been determined and is dependent on Neptune's ability to resume production at a new operational production facility. Senior management and employees of Neptune will be taking salary reductions of at least 20% for an interim period during plan implementation. These salary reductions may be paid in full or in part at a later date upon, among other things, a successful implementation of the plan and improved financial results of Neptune. Neptune expects the decrease of its workforce and reductions in salary to save approximately 45% of its labor costs while such measures are in place. | |
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| May 15, 2013 | | 08:44 EDT | | NEPT | Neptune responds to Aker's attempts to deflect attention from patent dispute
Neptune Technologies & Bioressources announces that the United States Patent and Trademark Office recently issued a NON-FINAL Action Closing Prosecution in a re-examination of Neptune's Patent No. 8,030,348. Aker BioMarine, in yet another clear attempt to shift focus from its ongoing infringement of multiple Neptune patents, issued a press release addressing the re-examination. However Aker neglected to disclose that the USPTO's decision to reject Neptune's claims regarding composition of matter was only one procedural step in the long process of re-examination. Neptune will have the opportunity to submit additional arguments stating its position before the USPTO renders a final decision. | | | 08:20 EDT | | NEPT | Class action against Neptune Technologies dismissed
Neptune Technologies & Bioressources announces that the previously announced class action lawsuit filed against Neptune and certain of its officers on December 19, 2012 by Robbins Geller Rudman & Dowd LLP in the United States District Court for the Southern District of New York was voluntarily dismissed by the plaintiffs, without prejudice. No payment was made by any of the defendants in connection with the dismissal. | |
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