Did You Acquire (BLI) Before July 17, 2020? Should Management be Held Accountable for Investors Losses? Contact Johnson Fistel

San Diego, California--(Newsfile Corp. - February 27, 2022) - Johnson Fistel, LLP is investigating potential claims on behalf of Berkeley Lights, Inc. ("Berkeley Lights") (NASDAQ: BLI) against certain of its officers and directors.

Recently, a class action complaint was filed against Berkeley Lights. The complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose that: (1) Berkeley Lights' flagship instrument, the Beacon, suffered from numerous design and manufacturing defects including breakdowns, high error rates, data integrity issues and other problems, limiting the ability of biotechnology companies and research institutions to consistently use the machines at scale; (2) Berkeley Lights had received numerous customer complaints regarding the durability and effectiveness of Berkeley Lights' automation systems, including complaints related to the design and manufacturing; (3) the actual market for Berkeley Lights' products and services was a fraction of the $23 billion represented to investors because of, among other things, the relatively high cost of Berkeley Lights' instruments and consumables and inability to provide the sustained performance necessary to justify these high costs; and (4) as a result, defendants' statements to investors during the Class Period regarding Berkeley Lights' business, operations and financial results were materially false and misleading.

If you are a current, long-term shareholder of Berkeley Lights holding shares before July 17, 2020, you may have standing to hold Berkeley Lights harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.

To join this action, you can go to:

https://www.cognitoforms.com/JohnsonFistel/BerkeleyLightsInc3

or

[Click here to join this action]. There is no cost or obligation to you.

If you are interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115009