The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Twist Bioscience Corporation (NASDAQ: TWST) (“Twist”).
On November 15, 2022, Scorpion Capital published a short report on Twist. The report alleged, among other things, that Twist is "[t]he latest miniaturized 'lab-on-a-chip' scam, just like Theranos, Berkeley Lights, and other failures" and "[a] ticking time bomb that we believe is resorting to a Worldcom-esque accounting fraud". The report also alleged that "Twist's reported gross margins of 45% are simply implausible" and claimed that "[m]ultiple competitors internally refer to Twist's price dumping and customer subsidy scheme as a 'Ponzi'.”
Following this news, Twist's stock price fell $7.57 per share, or 19.92%, to close at $30.43 per share on November 15, 2022.
If you are a Twist investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser:https://www.ktmc.com/twist-bioscience-corporation-investigation?utm_source=PR&utm_medium=link&utm_campaign=twst&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
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