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SEC Fines Zymergen $30M Over Misleading Pre-IPO Claims

By Law360 Staff ( September 13, 2024, 4:48 PM EDT) -- Now-shuttered biotechnology company Zymergen Inc. has agreed to pay a $30 million fine to settle U.S. Securities and Exchange Commission allegations that it misled investors in its initial public offering when it used "unsupported hype" about the market potential for its technology for foldable touch screens....

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