Proposed Settlement Announcement in Tricida Securities Case
Overview of the Tricida Securities Litigation Settlement
Kroll Settlement Administration is pleased to announce a proposed settlement concerning the class action lawsuit related to Tricida, Inc. This case, known as Pardi v. Tricida, Inc., Case No. 4:21-cv-00076-HSG, is currently being processed in the United States District Court, Northern District of California. If you purchased or acquired Tricida, Inc. common stock from May 8, 2020, to February 25, 2021, you may be eligible to participate in this settlement.
Settlement Details and Fund Allocation
The proposed settlement amounts to $14,250,000 in cash that would be distributed amongst affected shareholders. A hearing is scheduled to evaluate whether this settlement is fair and adequate to the members of the class. The court will assess various components, including the release of claims by class members and the proposed plan for distributing settlement proceeds. Key considerations will include the plan's fairness and the request for attorneys' fees.
Eligibility for Settlement
All persons and entities who purchased Tricida, Inc. common stock during specified dates should be aware that their rights and entitlement to recovery are defined by this litigation. You must submit a Claim Form, along with accompanying documentation, no later than October 1, 2025. Missing this deadline could affect your ability to receive any settlement distribution.
How to Participate in the Claim Process
To participate in the settlement, all qualifying class members must complete their Claim Form properly and submit it in accordance with the guidelines laid out in the notice. This process ensures that they can receive their fair share of the settlement fund.
Class Member Rights and Options
Class members have the option to object to any aspect of the settlement, including the plan for allocating funds and requests for attorney fees. It is vital to adhere to the specified timelines when filing objections to ensure they are considered by the court.
Exclusion from the Class Action
If you prefer not to be part of this class litigation settlement, you have until September 11, 2025, to submit a request for exclusion. Those who do not request exclusion will be bound by the court's judgment in this action.
Contact Information for Inquiries
For further questions regarding the settlement or the claims process, class members may contact Kroll Settlement Administration. They are equipped to provide the necessary assistance regarding the claims process and any additional inquiries members may have.
Frequently Asked Questions
What is the Tricida securities litigation settlement about?
The settlement involves a class action lawsuit related to Tricida, Inc. common stock purchases between specified dates and amounts to $14,250,000.
Who is eligible for the settlement?
Individuals or entities that purchased Tricida, Inc. common stock from May 8, 2020, to February 25, 2021, are eligible for the settlement.
How can I file a claim?
You must complete and return the Claim Form postmarked by October 1, 2025, to qualify for any payment.
What happens if I miss the Claim Form deadline?
Failing to submit the Claim Form by the deadline may result in your claim being rejected, and you may miss out on any settlement recovery.
Can I object to the settlement?
Yes, you may object to the settlement, but you must do so by September 11, 2025, following the specified guidelines.
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