Robbins LLP Notifies Investors of Class Action Lawsuit Against Exscientia plc (EXAI)

SAN DIEGO, April 30, 2024 (GLOBE NEWSWIRE) — Robbins LLP notifies investors that one shareholder represents all shareholders for the period from March 23, 2022 to February 12, 2024. An artificial intelligence (AI)-driven pharmaceutical technology company dedicated to designing and developing differentiated medicines for diseases with unmet patient needs.

For more information, submit a form, email attorney Aaron Dumas, Jr., or call (800) 350-6003.

Allegation: Robbins LLP is investigating allegations that the former CEO of Exscientia plc (EXAI) acted in breach of the company’s code of business conduct

The complaint alleges that during the course of the class action, defendants failed to disclose: (i) that defendant Hopkins (former CEO and director of Exscentia) had inappropriate relationships with employees that were inconsistent with the company’s standards and values; (ii) that defendant Nicholson (formerly Exscentia COB) had prior knowledge of Hopkins' relationship and mishandled Hopkins' misconduct without consulting the Board of Directors; (iii) the Company's maintenance and enforcement of its Code of Business Conduct and Ethics was insufficient to prevent the conduct described above; (iv) ) The above failures put the company at greater risk for disruptive leadership transitions and/or reputational damage.

When Exscientia revealed the truth on February 13, 2024, the company's stock price fell $1.72 per share, or 22.9%, to close at $5.79 per share on February 13, 2024.

What should we do now: You may be eligible to join a class action lawsuit against Exscientia plc. Shareholders who wish to serve as class plaintiffs must file a motion with the court by June 25, 2024. You do not have to be involved in the case to be eligible for compensation. If you choose to take no action, you may remain absent from the Class.For more information please click here.

3rd party advertising. Not an offer or recommendation by disclosures here or
Remove ads

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins Law Firm: Some law firms that issued press releases on the matter did not actually file securities class action lawsuits; Robbins Law Firm did. As a recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been helping shareholders recover losses, improve corporate governance structures and hold corporate executives accountable for misconduct since 2002. More than $1 billion in compensation for shareholders.

To be notified when a settlement is reached in the class action lawsuit against Exscientia plc, or to receive free alerts when high-level executives at the company engage in misconduct, sign up Stock Watch today.

Lawyer advertising. Past results do not guarantee similar results.

A photo accompanying this announcement is available at

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *