SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Berkeley Lights, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 7, 2022 - BLI

NEW YORK, Jan. 27, 2022 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired Berkeley Lights, Inc. ("Berkeley Lights" or the "Company") (NASDAQ: BLI) common stock between July 17, 2020 and September 14, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information go to:

https://www.zlk.com/pslra-1/berkeley-lights-inc-loss-submission-form?prid=22628&wire=4

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500.There is no cost or obligation to you.

Berkeley Lights, Inc. NEWS - BLI NEWS

CASE DETAILS: According to the filed complaint: (a) Berkeley Lights' flagship instrument, the Beacon, suffered from numerous design and manufacturing defects including breakdowns, high error rates, data integrity issues and other problems, limiting the ability of biotechnology companies and research institutions to consistently use the machines at scale; (b) Berkeley Lights had received numerous customer complaints regarding the durability and effectiveness of the Company's automation systems; (c) the actual market for Berkeley Lights' products and services was a fraction of the $23 billion represented to investors because of, inter alia, the relatively high cost of the Company's instruments and consumables and inability to provide the sustained performance necessary to justify these high costs; and (d) as a result of (a)-(c), above, defendants' statements to investors during the Class Period regarding Berkeley Lights' business, operations and financial results were materially false and misleading.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Berkeley Lights, you have until February 7, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Berkeley Lights common stock between July 17, 2020 and September 14, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/berkeley-lights-inc-loss-submission-form?prid=22628&wire=4 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT: 
Levi & Korsinsky, LLP 
Joseph E. Levi, Esq. 
Ed Korsinsky, Esq. 
55 Broadway, 10th Floor 
New York, NY 10006 
[email protected] 
Tel: (212) 363-7500 
Fax: (212) 363-7171 
www.zlk.com 

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SOURCE Levi & Korsinsky, LLP