NEW ORLEANS, Jan. 24, 2023 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF’s partner, former Louisiana Attorney General Charles C. Foti, Jr., have advised investors that: February 10, 2023 If you purchased our stock between December 13, 2019 and November 14, 2022 (the “Class Period”), you will file a lead plaintiff application in a securities class action against Twist Bioscience Corporation (NasdaqGS: TWST). to submit. This lawsuit is pending in the United States District Court for the Northern District of California.
what you can do
If you wish to purchase shares in Twist and discuss your legal rights and how this case affects you and your right to recover financial losses, please contact KSF Managing Partner Louis Kahn at no charge. You can contact us at Please call 1-877-515-1850 or email firstname.lastname@example.org or visit https://www.ksfcounsel.com/cases/nasdaqgs-twst/ for more information. If you wish to serve as the lead plaintiff in this class action, you must petition the Court in the following manner: February 10, 2023.
Twist Bioscience and some of its executives have been charged with failing to disclose material information during the class action period in violation of federal securities laws.
On November 15, 2022, Scorpion Capital announced that the company was “running a Ponzi-like scheme that ended in bankruptcy,” that the company’s growth and earnings were unsustainable, and that the company had filed a false report on its capital expenditures. I reported you perpetuating fraud through reporting. Gross margins, among other issues.
The news caused Twist Bioscience’s stock price to drop by $7.57, or nearly 20%, from its closing price of $38.00 on November 14, 2022, to a closing price of $30.43 on November 15, 2022.
the case is Peters v. Twist Bioscience Corporation, et al., No. 22-cv-08168.
About Kahn Swick & Foti, LLC
Partnered with former Louisiana Attorney General Charles C. Foty Jr., KSF is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients, including public institutional investors, hedge funds, money managers and individual investors, seeking recovery of investment losses resulting from corporate fraud and fraud by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
For more information about KSF, please visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Louis Kahn, Managing Partner
1100 Poydras Street, Suite 3200
New Orleans, Louisiana 70163