1Camden, NJ – A federal judge has dismissed a shareholder lawsuit accusing Exscientia P.L.C. of violating securities laws by failing to disclose alleged sexual misconduct by its former CEO and chairman.

Chief U.S. District Judge Renée Marie Bumb ruled that the claims brought by investors Frank Campanile and Robert Sullivan could not proceed because the company’s public statements about ethics and inclusion amounted to “inactionable puffery.”

The decision ends, at least for now, a high-profile attempt to turn allegations of workplace misconduct into a federal securities fraud case.

Shareholders alleged concealment of misconduct

The plaintiffs had claimed that former CEO Andrew Hopkins engaged in inappropriate relationships with two subordinates and that then-chairman David Nicholson fa

See Full Page