by Daniel Webster, dWeb.News Publisher
NEW YORK, Nov. 25, 2021 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Ginkgo Bioworks Holdings Inc. (“Ginkgo” or the “Company”) (NYSE: DNA; SRNG) (f/k/a Soaring Eagle Acquisition Corp.) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Owlet between May 11, 2021, and October 5, 2021, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/dna.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint claims that Defendants made false or misleading statements throughout the Class Period and failed to disclose the following: (1) the Company was almost entirely dependent on third-party customers; (2) the Company misclassified and underreported related party revenue to hide its near total dependence on related entities; (3) many of the Company’s new R&D partners were undisclosed and/or facades; (5) the Company’s valuation was significantly lower than what Defendants disclosed for investors; and (6) the public statements were misleading
A class action lawsuit was already filed. If you wish to review a copy of the Complaint you can visit the firm’s site: : www.bgandg.com/dna or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Ginkgo you have until January 18, 2022, to request that the Court appoint you as lead plaintiff. You don’t have to be a lead plaintiff in order to participate in any recovery.
Bronstein, Gewirtz & Grossman, LLC, is a corporate litigation boutique. Our main expertise is aggressively pursuing litigation claims for our clients. The firm represents institutions and other investors in class action securities litigation. It also has expertise in general corporate and commercial litigation as well as arbitration. Advertising for attorneys. Precedent results are not indicative of future results.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | firstname.lastname@example.org
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The post BUSINESS: DNA, SRNG Investor Alert – Bronstein Gewirtz & Grossman LLC Reminds Ginkgo Bioworks Holdings Inc., F/k/a The Soaring Eagle Acquisition Corporation. Investors Of Class Action Deadline: January 18, 2022 appeared first on dWeb.News dWeb.News from Daniel Webster Publisher dWeb.News – dWeb Local Tech News and Business News