Abadilla

I. BACKGROUND

18 On October 5, 2020, Plaintiff Martin Joseph Abadilla filed a securities class action suit in 19 this Court alleging violations of various securities laws against Precigen, Inc. (“Precigen” or the 20 “Company”) f/k/a Intrexon Corporation (“Intrexon”), Precigen Chairman and CEO Randal J. Kirk, 21 and Precigen CFO Rick K. Sterling (collectively, “Defendants”). Compl., ECF 1. The complaint alleges that between May 10, 2017 and September 25, 2020, Defendants made materially false and misleading statements or failed to disclose material adverse facts that 25 (1) the Company was using pure methane as feedstock for its announced yields for its methanotroph bioconversion platform instead of natural gas; (2) yields from natural gas as a feedstock were substantially lower than the aforementioned pure methane yields; (4) the Company’s financial statements for the quarter ended March 1 31, 2018 were false and could not be relied upon; (5) the Company had material weaknesses in its internal controls over financial reporting; and (6) as a result of the foregoing, Defendants’ public …