Kehoe Law Firm, P.C. is proud to announce that its client, the Policemen’s Annuity and Benefit Fund of Chicago (“PABF”), court-appointed lead plaintiff in the Twist Bioscience Corporation Securities Class Action, has taken a significant step forward in the pursuit of justice.

On September 3, 2025, Judge Eumi K. Lee of the U.S. District Court for the Northern District of California denied in part Defendants’ motion to dismiss the securities fraud class action Peters v. Twist Bioscience Corporation.  The Amended Complaint alleges that Twist and several members of its senior management misrepresented that the company possessed effective and efficient technology capable of producing synthetic DNA at higher quality and lower cost than its competitors.  Judge Lee concluded that the complaint sufficiently pleaded claims under Section 10(b) of the Securities Exchange Act of 1934 and Section 11 of the Securities Act of 1933.

Significantly, Judge Lee rejected Defendants’ argument that the complaint failed to adequately allege loss causation—i.e., that Defendants’ misstatements caused investors’ losses—because the alleged corrective disclosure came in the form of a short-seller report.  Judge Lee agreed with PABF’s position that Ninth Circuit law permits a corrective disclosure to originate from any source, including a short-seller report, so long as the allegations plausibly suggest that the disclosure revealed the truth and contributed to the company’s stock price decline.

The case will now proceed to discovery.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. proudly congratulates its Director of Business Development, Kevin Cauley, on being named the Families Behind the Badge Children’s Foundation’s (FBBCF) “2025 Volunteer of the Year“ at the Philadelphia Fraternal Order of Police.  This honor recognizes Kevin’s longstanding commitment to the FBBCF – an organization whose mission aligns deeply with KLF’s own values of service, integrity, and community. 

The FBBCF is a Southeastern Pennsylvania- and South Jersey-based nonprofit dedicated to supporting the families of fallen or critically injured first responders. Through immediate financial relief, educational and recreational grants for children, and programs that strengthen relationships between law enforcement and the communities they serve, FBBCF ensures that when first responders face unimaginable loss, their families are never left without meaningful support.

For decades, Kevin has been at the heart of that mission—a quiet leader whose humility, compassion, and tireless service have made a lasting impact across our community.

A proud graduate of Father Judge High School and Temple University, Kevin’s journey began on the water, competing with several of Philadelphia’s esteemed Boathouse Row clubs. As a founding member and former coach of the Philadelphia Police Boat Teams, he built not only athletes but also camaraderie, discipline, and enduring friendships that reflect the very spirit of teamwork and dedication.

Off the water, Kevin has served the FBBCF and its predecessor organizations since the 1980s. He has dedicated more than 25 years to the Philadelphia Marine Corps Law Enforcement Foundation and continues to be an active associate member and steadfast supporter of the Fraternal Order of Police.

Please join us in congratulating Kevin Cauley on this well-deserved recognition from the FBBCF, honoring his decades of selfless service and unwavering commitment to those who protect and serve.

Congrats, Kevin!!

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]