Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Illumina, Inc. (“Illumina”) (NASDAQ: ILMN) securities between September 21, 2020 and November 9, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Illumina’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) certain of the company’s insiders had personal financial motives for acquiring GRAIL; (2) contrary to Illumina’s attempts to discount Icahn’s criticism, Icahn had accurately concluded that insiders’ interests did not align with the company’s best interests; and (3) as a result of the foregoing, Defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On October 27, 2025, Lead Plaintiffs filed an Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.