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

Teligent, Inc. (TLGT) Class Action Lawsuit (April 2019)

Closed

1:19cv3354 • April 15, 2019

Class Period Start

March 7, 2017

Class Period End

February 2, 2018

PSLRA Deadline

June 15, 2019

Case Allegations

10b5

Statutes of Repose

Mar 7, 2020

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 7, 2021

Settlement Fund

$6,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or acquired Teligent, Inc. (“Teligent”) common stock between March 7, 2017 in the aftermarket and November 6, 2017.

Claim Administrator

Kroll Settlement Administration
Teligent Securities Settlement Claims Administrator P.O. Box 5324 New York, NY 10150-5324
+1 833-460-1725
[email protected]

Hearing Date

November 12, 2021

Opt-out Deadline

October 22, 2021

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Oct 31, 2022

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.

Dec 1, 2021

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.

Jul 20, 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.

Jul 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.

Jul 15, 2021

Proposed Settlement

Feb 25, 2021

Scheduling Order

Jan 28, 2021

Scheduling Order

Dec 15, 2020

Scheduling Order

Sep 30, 2020

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 3, 2020

Scheduling Order

Dec 9, 2019

Second Amended Complaint

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

Nov 12, 2019

Scheduling Order

Sep 13, 2019

First Amended Complaint

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

Jul 1, 2019

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.

May 9, 2019

Scheduling Order

Apr 15, 2019

First Filed Complaint

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

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