Metagenomi Investors Urged to Act Ahead of Class Action Deadline

Key Deadline for Lead Plaintiff Applications: November 25, 2024

NEW YORK, Oct. 30, 2024 /PRNewswire/ — Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein“) is announcing a federal class action lawsuit has been initiated in the United States District Court for the Northern District of California. This action is on behalf of those who purchased Metagenomi, Inc. (“Metagenomi” or the “Company”) MGX securities between February 6, 2024 and September 26, 2024, inclusive (the “Class Period”).

Join the Class Action

Investors affected by the decline in Metagenomi stock are encouraged to reach out to the firm at classmember@whafh.com or call (800) 575-0735 or (212) 545-4774. More information is also available on our website, www.whafh.com.

If you have suffered financial losses, consider applying to be the lead plaintiff by no later than November 25, 2024. Contact Wolf Haldenstein for further details about your rights.

Metagenomi made headlines when it went public on February 9, 2024, offering 6.25 million shares at $15.00 per share. However, the company faced challenges on May 1, 2024, when it declared a termination of its collaboration with Moderna, Inc., specifically regarding the development of programs for primary hyperoxaluria type 1 (PH1).

Following the announcement, Metagenomi’s stock tumbled, closing down $0.87, a decrease of 12.36%, which brought the price down to $6.17 on May 2, 2024.

Wolf Haldenstein is well-versed in handling securities class actions and derivative lawsuits. The firm has a strong presence across the United States with offices in New York, Chicago, Nashville, and San Diego. Its expertise in these fields has earned recognition in courts nationwide, often being appointed in significant securities-related litigations.

To discuss this case or to address any questions regarding your legal rights, please contact Wolf Haldenstein at (800) 575-0735 or email classmember@whafh.com.

Contact Information:

Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

This press release may be considered Attorney Advertising in certain jurisdictions according to legal norms and ethical guidelines.

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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP