Faruqi & Faruqi, LLP is investigating claims on behalf of Exscientia investors

NEW YORK, May 10, 2024 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating and reminds investors of potential claims against Exscientia plc (“Exscientia” or the “Company”) (NASDAQ: EXAI). June 25, 2024 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.

James (Josh) Wilson, Faruqi and Faruqi, LLP Securities Litigation Partner, encourages investors who have suffered losses that are greater $75,000 In Exscientia you can contact him directly to discuss your options

If you have suffered losses that go beyond this $75,000 Invest in Exscientia stocks or options in between March 23, 2022And February 12, 2024 and would like to discuss your legal rights, Call Faruqi & Faruqi Partners Josh Wilson direct at 877-247-4292 or 212-983-9330 (ext. 1310). For more information you can also click here: www.faruqilaw.com/EXAI.

Faruqi & Faruqi is a leading national securities law firm with offices in new York, Pennsylvania, California And Georgia. The company has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As described below, the complaint claims that the Company and its officers violated federal securities laws by making false and/or misleading statements and/or failing to disclose the following: (1) Defendant Hopkins had engaged in inappropriate relationships with employees who were inconsistent with the standards and values ​​of the Company were compatible with the company; (2) Defendant Nicholson already had knowledge of Defendant Hopkins’ relationships and had inappropriately addressed Hopkins’ misconduct without consulting the Board; (3) the Company’s maintenance and enforcement of its code of business conduct and ethics was not sufficient to protect against the foregoing conduct; (4) The foregoing failures exposed the Company to increased risk of disruptive leadership transitions and/or reputational damage; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

At February 13, 2024Exscientia announced in a press release that its Board of Directors (the “Board”) has decided to terminate (Defendant) Hopkins’ employment as (CEO) and Chief Executive Officer of the Company and to terminate Dr. “To remove Hopkins from his role as Executive Director of the Board, each with cause and effective immediately.” The press release further revealed that the Board’s decision was made following an investigation which determined that respondent Hopkins ” entered into relationships with two employees that, in the board’s opinion, were inappropriate and inconsistent with the company’s standards and values.” Additionally, the press release stated that during the course of the investigation, the board learned that “(defendant)” Nicholson (. . .) was already aware of the existence of Dr. Hopkins and had addressed the situation directly and with the involvement of other outside counsel, rather than in consultation with the Board,” and “(f) After discussions with the Board, on February 12, 2024 DR. Nicholson has tendered his resignation from his positions with the company.”

On this news, Exscientia’s share price fell $1.72 per share, or 22.9%, to close $5.79 per share February 13, 2024.

The court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class, who is appropriate and typical of the class, and who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may request the Court to serve as lead plaintiff through counsel of their choice, or may elect to do nothing and remain an absent class member. Your ability to share in any recovery will not be affected by the decision to serve as lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information about Exscientia’s conduct to contact the company, including whistleblowers, former employees, shareholders and others.

To find out more about the Exscientia Class action lawsuit, go for it www.faruqilaw.com/EXAI or Call Faruqi & Faruqi Partners Josh Wilson direct at 877-247-4292 or 212-983-9330 (ext. 1310).

Lawyer advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar result with respect to future matters. We welcome the opportunity to discuss your individual case. All communications will be treated confidentially.

SOURCE Faruqi & Faruqi, LLP