INVESTOR REMINDER: Kessler Topaz Meltzer & Check, LLP Alerts Berkeley Lights, Inc. (BLI) Shareholders of Securities Fraud Class Action Lawsuit on Their Behalf | State
RADNOR, Pa., January 18, 2022 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed against Berkeley Lights, Inc. (“Berkeley Lights”) (NASDAQ: BLI). The lawsuit alleges violations of federal securities laws by Berkeley Lights, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Berkeley Lights’ materially misleading public statements, investors in Berkeley Lights have suffered significant losses.
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CLICK HERE TO SUBMIT YOUR BERKELEY LOSS OF LIGHT
LIMIT FOR THE PLAINTIFF: February 7, 2022
LESSON: July 17, 2020 through September 14, 2021
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or duty free (844) 887-9500 or email [email protected]
BERKELEY LIGHTS ALLEGED MISCONDUCT
Berkeley Lights, headquartered in Emeryville, California, is a digital cell biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products.
on September 15, 2021Scorpion Capital released an investigative report on Berkeley Lights titled “Fleecing Customers And IPO Bagholders With A 2 million dollars Black Box being a clunker while insiders and Silicon Valley bigwigs race for inventory. Just another VC pump at 27X Sales. Target price: $0The report was critical of Berkeley Lights’ technology and questioned the durability of Berkeley Lights’ key business relationships and business growth plan. Additionally, the report found that negative customer experiences had further impacted Berkeley Lights’ growth potential. In particular, the report went into detail on “a trail of customers claiming they were ‘tricked’, misled or over-promised into buying one.” 2 million dollars Lemon” and concluded that “reality is so far away [Berkeley Lights’s] terrific hype that we believe its product claims and practices may constitute outright fraud.”
Following the news, Berkeley Lights’ stock price fell nearly 30% over two trading days through the close $23.53 per share 09/16/2021.
WHAT CAN I DO?
Berkeley Lights Investors can not later than February 7, 2022, seek to be appointed lead plaintiff representative in the class action by Kessler Topaz Meltzer & Check, LLP or other counsel, or may elect to do nothing and remain an absent class plaintiff. Kessler Topaz Meltzer & Check, LLP encourages investors in Berkeley Lights who have suffered material losses to contact the company directly for additional information.
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Who can be a lead plaintiff?
A Lead Plaintiff is a representative party acting on behalf of all Group Members in conducting the litigation. The lead plaintiff is usually the investor or small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class, and such attorneys, where permitted by the court, are principal or class counsel. Your ability to participate in a recovery will not be affected by the decision whether or not to serve as Lead Plaintiff.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP is pursuing class action lawsuits in state and federal courts across the country and around the world. The company has built an excellent reputation around the world, recovering billions of dollars from victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, wrongdoing and negligence on the part of companies and fiduciaries. At the end of the day, if the bad guys pay and you get your fortune back, we’re done. The action in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 König-von-Prussia-Strasse
Radnor, PA 19087
(844) 887-9500 (toll free)
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SOURCE Kessler Topaz Meltzer & Check, LLP
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