Cases
Peters v. Twist Bioscience Corp., et al.
- Securities Class Action
Overview
Overview
| Status: | Status: Pending |
| Court: | Court: Northern District of California |
| Case Number: | Case Number: 22-CV-08168 |
| Lead Attorneys: | Lead Attorneys: Joseph A. Fonti, Joseph W. Baier, George N. Bauer, Benjamin F. Burry, Nancy A. Kulesa, Alessandra (Sasha) Slayton |
Background: Plaintiffs allege that from December 13, 2019 through November 14, 2022, Twist and its senior management misrepresented that the company possessed innovative proprietary technology to produce synthetic DNA at a higher quality and lower cost than competitors, positioning Twist for significant future growth. Plaintiffs further allege that defendants engaged in accounting improprieties to conceal the scheme.
BFA’s Role: The Court appointed BFA as Lead Counsel to represent Lead Plaintiff Policemen’s Annuity and Benefit Fund of Chicago on July 28, 2023.
Status: An amended complaint was filed on October 11, 2023. Defendants filed a motion to dismiss on December 6, 2023 and Plaintiffs filed their opposition on January 26, 2024. A hearing on the motion to dismiss is set for April 18, 2024.
BFA’s Role: The Court appointed BFA as Lead Counsel to represent Lead Plaintiff Policemen’s Annuity and Benefit Fund of Chicago on July 28, 2023.
Status: An amended complaint was filed on October 11, 2023. Defendants filed a motion to dismiss on December 6, 2023 and Plaintiffs filed their opposition on January 26, 2024. A hearing on the motion to dismiss is set for April 18, 2024.