Agilent Sends Letter to the SEC Regarding Material Misstatements in Twist Bioscience’s S-1 Registration Statement
Agilent Technologies, Inc. (A)
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Source: Business Wire
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Agilent Technologies Inc. (NYSE: A) today announced that it sent a letter to the Division of Corporation Finance of the U.S. Securities and Exchange Commission (SEC) regarding misstatements in the S-1 Registration Statement filed by Twist Bioscience Corp. The letter informs the SEC that “Twist’s S-1 Fails to Disclose that Twist CEO Emily Leproust Formed Twist While an Employee at Agilent, and Became its CEO 17 Months Prior to Resigning from Agilent.” The letter also informs the SEC that “Twist’s S-1 Fails to Disclose the Material Fact that its CEO Emily Leproust and Other Twist Employees Took and Retained Hundreds of Confidential Documents Containing Agilent’s Trade Secrets and Proprietary Information.” Ms. Leproust admitted under oath that she secretly became Twist’s CEO 17 months prior to leaving Agilent. Agilent’s Proposed Second Amended Complaint (access
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