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 proposed settlement of the Action for $3,500,000 in cash that, if approved, will resolve all claims in the Action.
If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. 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).
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form no later than April 26, 2018. Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.