PROG.US
id: 1282
Progenity (PROG) Investor Settlement
The settlement terms have been submitted to the court for approval.
S.D. California
Court3:20-cv-01683
Case number06/22/2020
Class period Start08/28/2020
Class period EndProgenity has reached an agreement with $PROG investors to settle claims that its IPO statement was negligently prepared, concealing $10.3M in overbilling.
Case Status
Stipulative Settlement
Alleged Offence
Mismanagement,
Misleading Statements,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.21
Filing date
10/27/2020
Plaintiffs
Lin Shen
Defendants
Harry Stylli, Eric d’Esparbes, Jeffrey Alter, John Bigalke, Jeffrey Ferrell, Brian L. Kotzin, Samuel Nussbaum, Lynne Powell
Judge
William Q. Hayes
Administrator
Strategic Claims Services
Settlement agreement date
2024-09-19
Attorney fee
$435,833
Trades matching type
FIFO
+$1,000,000
Cash Settlement AmountFrequently Asked Questions
When will you be able to apply for the payment?
Do I have to sell securities to be eligible?
How long does the payout process take?
What is 11thestate?