In re ARIAD Pharmaceuticals, Inc. Securities Litigation, Case No. 1:13-cv-12544 (WGY)
The Court-appointed Settlement Class Representatives, the City of Fort Lauderdale Police & Fire Retirement System and Dr. William A. Gaul, on behalf of themselves and the other members of the Settlement Class (defined below), have reached a settlement of the Action for $3,500,000 in cash that resolves all claims in the Action. On May 10, 2018, the Court approved the Settlement and entered the Judgment dismissing the Action.
If you are a member of the Settlement Class, your rights will be affected. The Settlement Class consists of:
All persons or entities who purchased, or otherwise acquired, shares of ARIAD publicly traded common stock during the period from December 11, 2012, through December 14, 2012 (“Settlement Class Period”), inclusive, and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class (see Q&A 6 of the Notice).
On July 10, 2019, the Court approved a distribution to eligible claimants and the Claims Administrator is preparing a distribution.
The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.