Kessler Topaz Meltzer & Check, LLP Reminds Investors of January 18, 2022 Deadline in Securities Fraud Class Action Lawsuit

CLICK HERE TO SUBMIT YOUR GINKGO LOSSES

DEADLINES OF THE LEADING APPLICANT: January 18, 2022

SCHOOL LESSON: May 11, 2021 through October 5, 2021

CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:

James Maro, Esq. (484) 270-1453 or Duty free (844) 887-9500 or email at [email protected]

GINKGOS REPORTED MISCONDUCT
Ginkgo, based in Boston, is a biotech company developing cell programming platforms that are used to enable the biological production of products such as novel therapeutics, food ingredients, and chemicals that are currently derived from petroleum.

on October 6, 2021, analyst Scorpion Capital has published an investigation report which states: “Ginkgo is a house of cards – in our opinion one of the most brazen scammers in the last 20 years.” The report showed that Ginkgo’s business model is a related party model where essentially 100% of the company’s accrued revenue comes from related “customers” it has created, funded, controlled or influenced through its ownership and board seats . Scorpion also alleged that Ginkgo made a brazen attempt to misclassify and misreport related party revenues and mislead investors with falsified accounting records, and that at least half of Ginkgo’s reported foundry revenues were phantom, cashless and “pure accounting hocus-pocus”.

After this news, Ginkgo’s share price fell $ 1.39, or about 12% to close at $ 10.59 per share October 6, 2021.

Recently on November 15, 2021, Ginkgo admitted that shortly after the Scorpion Capital report was released, the company received an inquiry from the US Department of Justice regarding the allegations of financial misconduct in the report.

WHAT CAN I DO?
Ginkgo investors can do so at the latest January 18, 2022, attempt to be appointed as lead class representative by Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages ginkgo investors who have suffered significant losses to contact the company directly for more information.

CLICK HERE TO SIGN UP FOR THE CASE

Who can be a lead plaintiff?
A lead plaintiff is a representative party who acts on behalf of each of the class plaintiffs in the conduct of the dispute. The main 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 an attorney to represent the lead plaintiff and the group, and those attorneys, if approved by the court, are lead or class plaintiffs. Your ability to participate in a recovery will not be affected by whether or not you will be the lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country and worldwide. The company has earned a worldwide reputation for excellence and reclaimed millions of dollars for victims of corporate fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and trustees. Ultimately, we succeeded if the bad guys pay and you get your wealth back. The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:
Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
280 König-von-Preußen-Strasse
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

SOURCE Kessler Topaz Meltzer & Check, LLP

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