Exscientia p.l.c. (NASDA: EXAI)

This lawsuit is for anyone who acquired securities in Exscientia p.l.c. (NASDA: EXAI) from March 23, 2022 through February 12, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had a code of ethics and that the Company had sufficient controls in place to assure compliance with the ethics code when the Company lacked sufficient controls.

On February 13, 2024, Exscientia announced that its CEO and Principal Executive Officer, Andrew Hopkins, had been terminated following an investigation which found that he had “engaged in relationships with two employees that the Board determined were inappropriate and inconsistent with the Company’s standards and values.” The Company also disclosed that the Chairman of the Company’s Board of Directors, David Nicholson, “had prior knowledge of the existence of the earlier of Dr. Hopkins’ relationships and had addressed the situation directly, and with the involvement of other outside counsel, rather than in consultation with the Board,” and “[f]ollowing discussions with the Board, on February 12, 2024 Dr. Nicholson tendered his resignation from his positions with the Company.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Exscientia p.l.c. (NASDA: EXAI) from March 23, 2022 through February 12, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.