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ALXN.US
id: 822

Alexion (ALXN) $125M Shareholder Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
D. Connecticut
Court
3:16-cv-2127
Case number
30 Jan 2014
Class period Start
26 May 2017
Class period End
15 Dec 2023
Claim deadline
Alexion (ALXN) agreed to settle a $125 million with shareholders to end claims that the $ALXN caused a double-digit plunge in stock price after its allegedly illegal sales strategy came to light.
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.76
Filing date
17 November 2016
Plaintiffs
Boston Retirement System, David A. Slossberg, Jeffrey P. Nichols
Attorneys
Labaton Sucharow LLP, Motley Rice LLC, Sturman LLC, Risch Pisca LLC
Defendants
Leonard Bell, David L. Hallal, Vikas Sinha
Judge
Hon. Alvin W. Thompson
Administrator
KCC
Settlement agreement date
2023-09-13
Court hearing date
20 December 2023
Exclusion deadline
29 November 2023
Objection deadline
29 November 2023
Hearing deadline
29 November 2023
Trades matching type
FIFO
+$125,000,000
Cash Settlement Amount