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

Inovalon Holdings, Inc. (INOV) Class Action Lawsuit (June 2016)

Closed

1:16cv4923 • June 24, 2016

Class Period Start

February 12, 2015

Class Period End

August 5, 2015

PSLRA Deadline

August 23, 2016

Case Allegations

10b5

Statutes of Repose

Feb 12, 2018

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

July 30, 2019

Settlement Fund

$17,000,000

Settlement Status

Disbursed

Settlement Class

ALL PERSONS AND ENTITIES THAT PURCHASED OR OTHERWISE ACQUIRED, ON OR BEFORE AUGUST 5, 2015, INOVALON HOLDINGS, INC.

Claim Administrator

Gilardi & Co. LLC
Inovalon Securities Settlement c/o Gilardi & Co. LLC P.O. Box 404112 Louisville, KY 40233-4112
+1 866-298-4135
[email protected]

Settlement Website

-

Hearing Date

July 12, 2019

Opt-out Deadline

June 21, 2019

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jul 15, 2019

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.

Jul 15, 2019

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.

May 1, 2019

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.

Mar 11, 2019

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.

Sep 18, 2018

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 22, 2018

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Sep 20, 2016

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 24, 2016

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Inovalon Holdings, Inc..

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