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

CASSAVA SCIENCES INC (SAVA) Class Action Lawsuit (August 2021)

In Litigation

1:21cv751 • August 27, 2021

Class Period Start

September 14, 2020

Class Period End

October 12, 2023

PSLRA Deadline

October 26, 2021

Case Allegations

10b5

Statutes of Repose

Sep 14, 2023

Country

United States

Court

Federal Court

Docket History

Jun 18, 2026

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Aug 12, 2025

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 20, 2025

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.

Feb 25, 2025

Class Certification Denied

The court has denied the request to proceed as a class action. This means the case cannot move forward on behalf of the proposed group of investors unless that decision changes or the court later approves a revised request.

Jun 13, 2024

Second Amended Complaint

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

Mar 13, 2024

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.

May 11, 2023

Motion to Dismiss Denied in Part

The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.

Oct 25, 2022

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 11, 2022

Scheduling Order

Aug 18, 2022

First Amended Complaint

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

Jun 30, 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.

Sep 24, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in CASSAVA SCIENCES INC. The allegations and class definitions are substantively the same.

Aug 27, 2021

First Filed Complaint

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

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