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

IMPAX LABORATORIES INC (IPXL) Class Action Lawsuit (November 2016)

Settlement

4:16cv6557 • November 11, 2016

Class Period Start

February 19, 2014

Class Period End

November 4, 2016

PSLRA Deadline

January 9, 2017

Case Allegations

10b5

Statutes of Repose

Feb 19, 2017

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

March 21, 2022

Settlement Fund

$33,000,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired the common stock or 2% Convertible Senior Notes of Impax Laboratories, Inc. (now known as Impax Laboratories, LLC) (“Impax” or the “Company”) from February 20, 2014 through August 9, 2016, inclusive.

Claim Administrator

JND Legal Administration
Impax Securities Settlement c/o JND Legal Administration PO Box 91417 Seattle, WA 98111
+1 833-823-0051
[email protected]

Hearing Date

March 31, 2022

Opt-out Deadline

March 4, 2022

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jul 15, 2022

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.

Dec 20, 2021

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.

Nov 22, 2021

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.

Aug 12, 2021

Scheduling Order

Jul 30, 2021

Proposed Settlement

Apr 22, 2021

Scheduling Order

Apr 19, 2021

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.

Sep 5, 2019

On Appeal

Aug 12, 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.

Dec 6, 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.

Oct 26, 2018

Second Amended Complaint

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

Apr 17, 2017

First Amended Complaint

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

Feb 15, 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.

Nov 11, 2016

First Filed Complaint

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

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