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

LifeStance Health Group, Inc. (LFST) Class Action Lawsuit (August 2022)

Settlement

1:22cv6833 • August 10, 2022

Class Period Start

June 10, 2021

Class Period End

August 10, 2022

PSLRA Deadline

October 11, 2022

Case Allegations

Sec11

Statutes of Repose

Jun 10, 2024

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

January 17, 2024

Settlement Fund

$50,000,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired LifeStance Health Group, Inc. (“LifeStance” or the “Company”) common stock pursuant and/or traceable to LifeStance’s June 10, 2021, initial public offering.

Claim Administrator

A.B. Data, Ltd.
LifeStance Securities Settlement c/o A.B. Data, Ltd. P.O. Box 173090 Milwaukee, WI 53217
+1 877-884-3360
[email protected]

Hearing Date

January 24, 2024

Opt-out Deadline

January 3, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jan 30, 2024

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 25, 2023

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.

Oct 25, 2023

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 13, 2023

Proposed Settlement

Sep 7, 2023

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Jun 2, 2023

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.

Apr 10, 2023

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.

Jan 18, 2023

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.

Dec 19, 2022

First Amended Complaint

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

Nov 17, 2022

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.

Aug 10, 2022

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in LifeStance Health Group, Inc..

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