The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) concerning whether a series of statements by Ginkgo Bioworks Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Ginkgo Bioworks Holdings, Inc is under investigation over potential securities laws violations.
Boston, MA based Ginkgo Bioworks Holdings, Inc. develops platform for cell programming.
On October 6, 2021, Scorpion Capital published a 175-page research report alleging that Ginkgo Bioworks Holdings, Inc. is a “colossal scam” and that its business model is a “shell game.” According to the report, Ginkgo Bioworks is highly dependent on related party transaction revenues and the Company is a “Frankenstein mash-up of the worst frauds of the last 20 years.”
Shares of Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) declined from $12.27 per share on October 5, 2021, to $9.13 per share on October 6, 2021.
Those who purchased shares of Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.