Shattuck Labs Inc. (STTK) $1.4M Shareholder Settlement

E.D. New York

Court

1:22-cv-00560-CBA-RML

Case number

10/09/2020

Class period Start

11/08/2021

Class period End

09/30/2023

Claim deadline

Shattuck Labs Inc. (STTK) pays $1.4 million to shareholders to settle a class action over an IPO supporting materials that alleges that:
Collaboration Agreement with Takeda was not solid; 
Takeda and Shattuck would “mutually agree” to terminate the Collaboration Agreement in essentially one year;
as a result, Shattuck would cease to receive any future milestone, royalty, or other payments from Takeda; and 
as a result, the statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
All who purchased the common stock of Shattuck Labs, Inc. between October 9, 2020, and November 8, 2021, both dates inclusive, including in Shattuck’s October 9, 2020 IPO, and held such shares past November 8, 2021, may be eligible to receive a payment.

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management,

Investment Bank,

Service Provider

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.033

Filing date

01/31/2022

Attorneys

The Rosen Law Firm

Defendants

Shattuck, Taylor Schreiber, Andrew Neill, Josiah Hornblower, Helen M. Boudreau, Neil Gibson, George Golumbeski, Michael Lee, Tyler Brous

Judge

Hon. Carol B. Amon

Administrator

Strategic Claims Services

Court hearing date

10/30/2023

Exclusion deadline

10/09/2023

Objection deadline

10/09/2023

Hearing deadline

10/09/2023

Trades matching type

FIFO

+$1,400,000

Cash Settlement Amount