Case Summary

Exscientia

NASDAQ: EXAI

Case Details

  • Dorin v. Exscientia p.l.c. et al.
  • Class Period:March 23, 2022, - February 12, 2024
  • Date Filed:April 26, 2024
  • Jurisdiction:U.S. District Court, District of New Jersey
  • Docket Number: 1:24-cv-05692
  • Lead Plaintiff Deadline: June 25, 2024
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Overview

A class action lawsuit has been filed against Exscientia p.l.c. (“Exscientia” or the “Company”) (NASDAQ: EXAI) and certain of the Company’s senior executive officers alleging violations of the federal securities laws.  The Exscientia lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Exscientia securities between March 23, 2022 and February 12, 2024, both dates inclusive (the “Class Period”).  Investors have until June 25, 2024 to seek appointment as lead plaintiff of the Exscientia class action lawsuit.

The Exscientia lawsuit alleges that the Company purported to maintain the highest standards of business conduct and ethics and, to that end, adopted a Code of Business Conduct and Ethics which applied to all of its employees, officers and directors, including former Chief Executive Officer  and Director Defendant Andrew Hopkins (“Hopkins”), former Chairman of the Company’s Board of Directors (the “Board”) Defendant David Nicholson (“Nicholson”), and all other executive and senior officers.

As alleged in the Exscientia lawsuit, Defendants made materially false and misleading statements throughout the Class Period regarding the Company’s business, operations, and prospects.  Specifically, Defendants are alleged to have made false and/or misleading statements and/or failed to disclose that: (1) Defendant Hopkins  had engaged in improper relationships with employees that were inconsistent with the Company’s standards and values; (2) Defendant Nicholson had prior knowledge of Hopkins’s relationships and had improperly addressed Hopkins’s misconduct without consulting the Board; (3) the Company’s maintenance and enforcement of its Code of Business Conduct and Ethics was inadequate to safeguard against the foregoing conduct; (4) the foregoing failures subjected the Company to a heightened risk of disruptive leadership transitions and/or reputational harm; and (5) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

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If you purchased or otherwise acquired Exscientia securities between March 23, 2022 and February 12, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Exscientia lawsuit is June 25, 2024.

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