NEW YORK, December 24, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of securities in Ginkgo Bioworks Holdings, Inc. f / k / a Soaring Eagle Acquisition Corp. (NYSE: DNA) (NASDAQ: SRNG) between May 11, 2021 and October 5, 2021, both dates inclusive (the “Class Period”), of material Principal applicant deadline of January 18, 2022.
SO WHAT: If you purchased securities of Ginkgo during the Class Period, you may be entitled to compensation without payment of fees or out of pocket expenses through a contingency fee agreement.
WHAT TO DO NEXT: To join the Ginkgo class action lawsuit, go to http://www.rosenlegal.com/cases-register-2172.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court no later than January 18, 2022. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have significant experience, resources or recognition by their peers. Many of these companies do not actually litigate class actions in securities. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the period of the action made false and / or misleading statements and / or failed to disclose that: (1) Ginkgo’s inability to derive actual income from the company’s third-party clients left almost entirely dependent on related parties; (2) as a result, most, if not all, of Ginkgo’s income was derived from related parties that the Company created, funded or controlled through its ownership and seats on the board of directors; (3) Ginkgo misclassified and underreported related party income in order to conceal the Company’s near total dependence on related parties; (4) many of Ginkgo’s new R&D partners are undisclosed related parties and / or facades; (5) as a result, the valuation of the Company was significantly lower than that of the defendants disclosed to the investors; and (6) accordingly, the defendants’ public statements were materially false and / or misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Ginkgo class action lawsuit, go to http://www.rosenlegal.com/cases-register-2172.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a lead applicant.
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Rosen Law Firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013. The firm has been ranked in the top 4 every year since 2013. Rosen attorneys secured the largest securities class action settlement ever. against a Chinese company. Rosen Law Firm attorneys are ranked and recognized by many independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40e Stage
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827