Cubase error - "The applications was terminated with an error"

I just reinstalled Cubase Elements 13 on a new MacBook and Im getting the following error message;

The application was terminated with an error while executing the following file: /Library/Audio/Plug-Ins/VST3/LABS.vst3/Contents/MacOS/LABS.com.spitfireaudio.Labs

If this error persists, please send the following log files to Technical Support:/Users/***/Library/Logs/DiagnosticReports/Cubase LE Al Elements

I have tried deleting VST’s and reinstalling Cubase but get the same error.

Hi,

It looks like the plug-in issue.