Impinj Securities Litigation

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Impinj Securities Litigation
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The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking hereSince this website is just a summary, you should review the Notice for additional details.  

The Parties have reached a settlement for $20,000,000 in cash (the “Settlement”) for the benefit of the Settlement Class.

On November 19, 2020, the Court held a hearing on approval of the Settlement and related matters and announced that it would approve the Settlement.  On November 20, 2020, the Court entered a Judgment approving the Settlement and orders approving the proposed Plan of Allocation and awarding attorneys’ fees and litigation expenses.

If you are a member of the Settlement Class, you are subject to the Settlement and you may be eligible for a payment from the Settlement.  The Settlement Class consists of:

all persons and entities (including, without limitation, their beneficiaries) who purchased or otherwise acquired the publicly traded common stock of Impinj, Inc. (“Impinj”) during the period of July 21, 2016 through February 15, 2018, inclusive (the “Class Period”), and were damaged thereby.
 

The Settlement Class includes, but is not limited to, those persons and entities who purchased or otherwise acquired their Impinj common stock in, pursuant to, or traceable to the Company’s July 21, 2016 initial public offering or December 2, 2016 secondary public offering during the Class Period and were damaged thereby. Excluded from the Settlement Class by definition are certain persons and entities (see paragraph 22 of the Notice) or those who requested exclusion pursuant to the instructions set forth in the Notice (see paragraphs 51 to 53 of the Notice).

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu on the left of this page.

Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Please read the Notice carefully.  If you have questions, you may call the Impinj Securities Litigation Help Line at 1-877-869-0158 or email info@ImpinjSecuritiesLitigation.com. 


YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:

SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN NOVEMBER 27, 2020.

This is the only way to be eligible to receive a payment from the Settlement Fund.  If you are a Settlement Class Member and you did not exclude yourself from the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in ¶ 32 of the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in ¶ 33 of the Notice), so it is in your interest to submit a Claim Form.

 

 

 


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