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Stock impact report

MGX Investors Have Opportunity to Lead Metagenomi, Inc. Securities Fraud Lawsuit

Metagenomi, Inc. (MGX) 
Company Research Source: PR Newswire
LOS ANGELES, Nov. 21, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Metagenomi, Inc. ("Metagenomi" or the "Company") (NASDAQ: MGX).Class Period: February 2024 IPOLead Plaintiff Deadline: November 25, 2024If you are a shareholder who suffered a loss, click here to participate.The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Metagenomi's collaboration with Moderna would not extend into the future but instead terminate in the immediate future; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.Follow us for updates on Twitter: twitter.com/FRC_LAW.To be a member of the class action you need not take any action at this time; you may retain counsel of your c Show less Read more
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