Berkeley Lights, Inc.
RADNOR, Pa., December 13, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP advises investors that a securities class action lawsuit has been filed in United States District Court for the Northern California District v Berkeley Lights, Inc. (“Berkeley Lights”) (NASDAQ: BLI). The action accuses Berkeley Lights of violations of federal securities laws, including fraudulent omissions and misrepresentation regarding the business, operations and prospects of the company. As a result of Berkeley Lights’ materially misleading statements to the public, Berkeley Lights investors suffered significant losses.
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CLICK HERE AT SUBMIT YOUR BERKELEY LIGHTS LOSSES
PRINCIPAL COMPLAINANT DEADLINE: February 7, 2022
CLASS PERIOD: July 17, 2020 to September 14, 2021
CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or toll free (844) 887-9500 or by email at [email protected]
BERKELEY LIGHT’S ALLEGED FAULT
Berkeley Lights, headquartered in Emeryville, Calif., Is a digital cell biology company focused on establishing and accelerating the rapid development and commercialization of biotherapeutics and other products based on cells.
On September 15, 2021, Scorpion Capital released an investigative report into Berkeley Lights titled “Fleecing Customers And IPO Bagholders With A $ 2 Million Black Box That’s A Clunker, While Insiders and Silicon Valley Bigwigs Race To Dump Stock. Just another VC pump at 27 times sales. Target price: $ 0. The report criticized Berkeley Lights ‘technology and questioned the sustainability of Berkeley Lights’ most important business relationships and its business growth plan. Additionally, the report found that negative customer experiences further reduced the growth potential of Berkeley Lights. Specifically, the report detailed “a trail of customers who claim to have been ‘cheated’, misled, or over-promised into buying a $ 2 million lemon” and concluded that the “reality is so far from it. ‘to be [Berkeley Lights’s] awe-inspiring hype that we believe its product claims and practices may constitute outright fraud.
Following this news, the Berkeley Lights share price fell nearly 30% over two trading days to close at $ 23.53 per share on September 16, 2021.
WHAT CAN I DO?
Berkeley Lights investors can, no later than February 7, 2022, seek to be appointed as the principal representative of class claimants through Kessler Topaz Meltzer & Check, LLP or another lawyer, or may elect to do nothing and remain an absent member of the class. Kessler Topaz Meltzer & Check, LLP encourages Berkeley Lights investors who have suffered significant losses to contact the company directly for more information.
CLICK HERE TO SUBSCRIBE TO THE CASE
WHO CAN BE A PRINCIPAL APPLICANT?
A principal plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead applicant is usually the investor or small group of investors who have the most significant financial interest and who are also suitable and typical for the proposed investor category. The lead plaintiff chooses a lawyer to represent the lead plaintiff and the class and these lawyers, if approved by the court, are the lead or class advocates. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country and around the world. The company has developed a worldwide reputation for excellence and has recovered billions of dollars for victims of fraud and other malpractice. All of our work is guided by a common goal: to protect investors, consumers, employees and others from fraud, abuse, fault and neglect on the part of businesses and trustees. In the end, we were successful if the bad guys pay and you get your holdings back. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
A video accompanying this announcement is available on