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

TREVENA INC (TRVN) Class Action Lawsuit (October 2018)

Closed

2:18cv4378 • October 10, 2018

Class Period Start

May 2, 2016

Class Period End

January 4, 2019

PSLRA Deadline

December 10, 2018

Case Allegations

10b5

Statutes of Repose

May 2, 2019

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

September 27, 2021

Settlement Fund

$8,500,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired securities during the period between May 2, 2016, and October 8, 2018, inclusive.

Claim Administrator

A.B. Data, Ltd.
Trevena Securities Litigation Settlement c/o A.B. Data, Ltd. P.O. Box 173133 Milwaukee, WI 53217
+1 877-777-9635
[email protected]

Settlement Website

-

Hearing Date

August 2, 2021

Opt-out Deadline

July 12, 2021

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jul 27, 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.

Aug 2, 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.

May 5, 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.

May 3, 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.

May 3, 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 5, 2020

Scheduling Order

Sep 8, 2020

Scheduling Order

Aug 28, 2020

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.

Jan 28, 2020

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.

Nov 20, 2019

Scheduling Order

Oct 4, 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.

Oct 2, 2019

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.

Aug 2, 2019

First Amended Complaint

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

Jun 13, 2019

Voluntary Dismissal

The plaintiff in this action has chosen not to proceed with the case. Once a case is voluntary dismissed, the courts will usually close the case and no further action will be taken.

Jun 4, 2019

Scheduling Order

May 29, 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.

Oct 10, 2018

First Filed Complaint

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

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