Illumina Inc.

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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com

On August 10, 2023, Illumina disclosed an investigation by the Securities and Exchange Commission in its 10-Q filing late Thursday. The Company disclosed that, “in July [Illumina] informed that the “staff of the SEC was conducting an investigation relating to Illumina and was requesting documents and communications primarily related to Illumina’s acquisition of GRAIL and certain statements and disclosures concerning GRAIL, its products and its acquisition, and related to the conduct and compensation of certain members of Illumina and GRAIL management, among other things” On this news, the Company’s share price dropped sharply in value during trading on August 11, 2023.