SHAREHOLDER ALERT: Gross Law Firm Notifies Berkeley Lights, Inc. Shareholders of Class Action and Deadline for Lead Plaintiff of February 7, 2022 – (BLI) | 2022-01-21 | Press Releases

New York, New York–(Newsfile Corp. – Jan. 21, 2022) – Securities litigation law firm The Gross Law Firm is issuing the following notice on behalf of shareholders of Berkeley Lights, Inc. (NASDAQ: BLI).

Shareholders who have purchased shares of BLI during the stated class period are encouraged to contact the company regarding the possible appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/berkeley-lights-inc-loss-submission-form/?id=22332&from=5

COURSE PERIOD: July 17, 2020 to September 14, 2021

ALLEGATIONS: The Complaint alleges that during the Class Period, the Defendants made materially false and/or misleading statements and/or failed to disclose that: (a) Berkeley Lights’ flagship instrument, the Beacon, suffered numerous design and manufacturing flaws, including breakdowns, high error rates, data integrity issues, and other issues, limiting the ability of biotech companies and research institutes to consistently use the machines at scale ; (b) Berkeley Lights had received numerous customer complaints regarding the durability and efficiency of the Company’s automation systems; (c) the actual market for Berkeley Lights’ products and services was only a fraction of the $23 billion represented to investors due to, among other things, the relatively high cost of the Company’s instruments and consumables and its inability to provide the sustained performance necessary to justify these high costs; and (d) further to (a)-(c), above, Defendants’ statements to investors during the Class Period regarding the business, operations and financial results of Berkeley Lights were materially untrue and misleading.

DEADLINE: February 7, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/berkeley-lights-inc-loss-submission-form/?id=22332&from=5

NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of BLI during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the cycle life of the business. The deadline to apply to be a lead applicant is February 7, 2022. There is no cost or obligation for you to participate in this case.

WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.

Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.

CONTACT:

The Raw Law Firm

15 West 38th Street, 12th Floor

New York, NY, 10018

Email: [email protected]

Telephone: (212) 537-9430

Fax: (833) 862-7770

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111107

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