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

22nd Century Group, Inc. (XXII) Class Action Lawsuit (January 2019)

Closed

1:19cv1285 • January 21, 2019

Class Period Start

February 18, 2016

Class Period End

October 29, 2019

PSLRA Deadline

January 21, 2019

Case Allegations

10b5

Statutes of Repose

Feb 18, 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

October 10, 2023

Settlement Fund

$3,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired during the period from February 18, 2016 and July 31, 2019, inclusive.

Claim Administrator

Epiq
22nd Century Securities Litigation c/o Epiq P.O. Box 3839 Portland, OR 97208-3839
+1 888-576-4721
[email protected]

Hearing Date

October 3, 2023

Opt-out Deadline

September 12, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Sep 9, 2024

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.

Oct 23, 2023

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.

Aug 1, 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.

Jun 30, 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.

Apr 25, 2023

Proposed Settlement

Jan 6, 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.

Aug 8, 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.

Feb 12, 2021

On Appeal

Jan 14, 2021

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.

May 1, 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 19, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in 22nd Century Group, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Aug 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.

Mar 22, 2019

Scheduling Order

Jan 21, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in 22nd Century Group, Inc..

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