Robbins LLP reminds investors of this

SAN DIEGO, May 7, 2024 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder on behalf of all persons and entities that purchased Exscientia plc (NASDAQ: EXAI) securities between March 23, 2022 and March 23, 2022 purchased or otherwise acquired, filed a class action lawsuit February 12, 2024. Exscientia is an artificial intelligence (“AI”)-based pharma-tech company engaged in the design and development of differentiated medicines for diseases with high unmet patient needs .

For more information, submit a form, email attorney Aaron Dumas, Jr., or call us at (800) 350-6003.

The accusations: Robbins LLP is investigating allegations that the conduct of the former CEO of Exscientia plc (EXAI) violated the company’s code of conduct

According to the statement of claim, during the class action, defendants failed to disclose that: (i) defendant Hopkins (former CEO and director of Exscentia) had engaged in inappropriate relationships with employees that were inconsistent with the Company’s standards and values; (ii) Defendant Nicholson (former Exscentia COB) already had knowledge of Hopkins’ relationships and had inappropriately addressed Hopkins’ misconduct without consulting the Board; (iii) the Company’s maintenance and enforcement of its code of business conduct and ethics was not sufficient to protect against the foregoing conduct; and (iv) the foregoing errors exposed the Company to increased risk of disruptive leadership transitions and/or reputational damage.

When Exscientia revealed the truth on February 13, 2024, the Company’s stock price fell $1.72 per share, or 22.9%, to close at $5.79 per share on February 13, 2024.

What now: You may be eligible to participate in the class action lawsuit against Exscientia plc. Shareholders who wish to serve as lead plaintiffs in the class must file motions with the Court by June 25, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to be a party to the case to be eligible for compensation. If you choose to take no action, you may remain an absent student. For more information click Here.

All representations are made on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: Some law firms issuing notices on this matter do not actually litigate securities class actions. Robbins LLP does. Robbins LLP’s attorneys and staff are recognized leaders in shareholder rights litigation and have been committed since 2002 to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their misconduct pull. Since our inception, we have received over $1 billion for shareholders.

To be notified when a class action lawsuit against Exscientia plc is settled, or to receive free alerts when company executives commit misconduct, sign up Stock Monitoring Today.

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