Los Angeles - (NewMediaWire) - January 20, 2022 - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Berkeley Lights, Inc. (“Berkeley Lights” or “the Company”) (NASDAQ: BLI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between July 17, 2020 and September 14, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before February 7, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Berkeley Lights’ primary instrument, the Beacon, suffered from a considerable number of problems ranging from manufacturing defects and breakdowns to high error rates. The Company received many customer complaints not only on the instrument’s effectiveness, but also on its design and production quality. The actual market for the Beacon instrument is a small percentage of the $23 billion the Company touted to the market due in part to these design and production problems. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Berkeley Lights, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Brian Schall, Esq.,
The Schall Law Firm