Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Exscientia p.l.c. (EXAI)

Core Viewpoint - Exscientia p.l.c. is facing a class action lawsuit due to allegations of misleading statements and failure to disclose material adverse facts regarding the company's operations and leadership conduct during the specified Class Period [1][4]. Group 1: Company Leadership and Conduct - On February 13, 2024, Exscientia announced the termination of CEO Andrew Hopkins following an investigation into inappropriate relationships with employees, which were deemed inconsistent with the company's standards [3]. - The Chairman of the Board, David Nicholson, resigned after it was revealed that he had prior knowledge of Hopkins' misconduct and had addressed it without consulting the Board [3]. - Following the announcement of these leadership changes, Exscientia's stock price dropped by $1.72, or 22.9%, closing at $5.79 per share, indicating significant investor impact [3]. Group 2: Allegations in the Class Action - The class action complaint alleges that Exscientia's leadership made materially false and misleading statements and failed to disclose critical information about the company's business and operations [4]. - Specific allegations include the failure to disclose Hopkins' improper relationships, Nicholson's prior knowledge of these relationships, and the inadequacy of the company's Code of Business Conduct and Ethics [4]. - The complaint asserts that these failures exposed the company to risks of leadership disruptions and reputational harm, undermining the credibility of the company's positive statements about its business prospects [4].