The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Twist Bioscience Corporation (“Twist” or “the Company”) (NASDAQ: TWST) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Twist is the subject of a research report published on November 15, 2022, by Scorpion Capital. The report describes the Company as “a cash-burning inferno that is not a going concern, operating a ponzi-like scheme that will end in bankruptcy.” Based on this report, shares of Twist fell by more than 18% in morning trading on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, 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.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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