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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Berkeley Lights Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Berkeley Lights, Inc.

January 7, 2022 GMT

NEW YORK, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is investigating claims on behalf of investors of Berkeley Lights, Inc. (“Berkeley Lights” or the “Company”) (NASDAQ: BLI), a digital cell biology company. A complaint has been filed on behalf of investors who purchased Berkeley Lights common stock between July 17, 2020 and September 14, 2021 (the “Class Period”).

On September 15, 2021, Scorpion Capital published a report about Berkeley Lights entitled, “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 27X Sales. Target Price: $0.” Among other things, the report claims “a trail of customers” allege they were “‘tricked,’ misled, or over-promised into buying a $2 million lemon.”

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Following this news, the price of Berkeley Lights stock fell more than 28% over two trading days to close at $23.53 per share on September 16, 2021.

Then, on January 5, 2022, after the market closed, the Company announced that its CEO and Chairman of the Board was transitioning from those positions and that the Company was searching for a new CEO.

Following this news, Berkeley Lights stock fell over 34% in midday trading on January 6, 2022.

If you are a member of the proposed Class, you may move the court no later than February 7, 2022 to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you would like to discuss the complaint or our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this Notice, your rights, or your interests, please contact:

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Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: dhall@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com