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EXAI.US
id: 1207

Exscientia p.l.c. (EXAI) CEO Removal for Cause Case

The case has been dismissed, typically without any further action.
D. New Jersey
Court
1:24-cv-05692
Case number
03/23/2022
Class period Start
02/12/2024
Class period End
06/25/2024
Lead Plaintiff motion deadline

  • $EXAI stockholder filed a claim vs. Exscientia p.l.c. for failing to disclose improper conduct of the CEO.

  • On February 13, 2024 $EXAI fell 22.9%, losing $216M+ of shareholder value.

  • Exscientia investors can join this case to be notified about potential recovery.

Throughout the Class Period, Company’s CEO had improper relationships with employees.

Company’s Chairman of the Board addressed the situation inadequately.

On February 13, 2024 Exscientia issued a press release announcing removal of CEO/ Executive Director of the Board for cause and resignation of the Chairman of the Board.

On this news, $EXAI fell 22.9%, losing $216M+ of market capitalization.

One of the investors has already filed a class action against the Company for failing to disclose improper conduct of the CEO/ Executive Director of the Board in the District court of New Jersey.

Case Type
US Securities Class Action
Case Status
Dismissed
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/13/2024
Filing date
04/26/2024
Lead Plaintiff Deadline
06/25/2024