Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

IMMUNOMEDICS INC (IMMU) Class Action Lawsuit (June 2016)

Closed

2:16cv3335 • June 9, 2016

Class Period Start

May 1, 2016

Class Period End

September 23, 2016

PSLRA Deadline

August 8, 2016

Case Allegations

10b5

Statutes of Repose

May 1, 2019

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

December 6, 2022

Settlement Fund

$4,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased the publicly traded securities of Immunomedics, Inc. (“Immunomedics”) from May 2, 2016, through June 24, 2016, both dates inclusive.

Claim Administrator

Strategic Claims Services
Immunomedics, Inc. Securities Litigation c/o Strategic Claims Services 600 N. Jackson St., Ste. 205 P.O. Box 230 Media, PA 19063
+1 400-4__-____
[email protected]

Hearing Date

January 19, 2023

Opt-out Deadline

December 29, 2022

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

May 30, 2023

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jan 19, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Oct 5, 2022

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Oct 5, 2022

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Apr 14, 2022

Proposed Settlement

Oct 8, 2020

Scheduling Order

Jun 15, 2020

Scheduling Order

Jun 1, 2020

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Jul 10, 2019

Scheduling Order

Jul 2, 2019

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jun 6, 2019

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in IMMUNOMEDICS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jun 3, 2019

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in IMMUNOMEDICS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

May 30, 2019

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in IMMUNOMEDICS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 24, 2019

Scheduling Order

Mar 31, 2019

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Jan 26, 2018

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Feb 7, 2017

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Jun 9, 2016

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in IMMUNOMEDICS INC.

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