BIVV.US
id: 663
Bioverativ (BIVV) $84M Shareholder Settlement
Delaware court of Chancery
Court2020-1061
Case number05/24/2017
Class period Start03/08/2018
Class period EndThis settlement of $84 million resolves claims over the acquisition of Bioverativ by Sanofi, whereby $BIVV stockholders received $105 in cash for each.
Who is eligible to get a payout?
All persons who held outstanding shares of Bioverativ common stock, either of record or beneficially, at any time during the between May 24, 2017 and March 8, 2018.
Do you need to sell your securities to be eligible?
No, if you have purchased them within the class period, you are eligible to participate.
How long does the payout process take?
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
Case Status
Disbursed
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Payout per Share
7.6
Filing date
03/07/2018
Plaintiffs
Stewart N. Goldstein, M.D.
Attorneys
Prickett, Jones & Elliott, P.A., Cooch & Taylor P.A., Robbins Geller Rudman & Dowd LLP, Johnson Fistel LLP
Defendants
John G. Cox, Anna Protopapas, Brian S. Posner, Louis J. Paglia, Geno J. Germano, John T. Greene, Andrea DiFabio, Alexander J. Denner
Judge
Judge Phillips
Administrator
Gilardi & Co LLC
Settlement agreement date
2023-03-12
Trades matching type
FIFO
+$84,000,000
Cash Settlement Amount