CLASS NOTICE: On September 15, 2021, the
Claims Administrator conducted the initial distribution of settlement funds to
eligible claimants, as approved by order of the Court.
Subsequent distributions will occur on a rolling basis.
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 here. Since 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. A copy of the Notice
can be found in the menu on the left of this page.
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.