INNV.US
id: 1591
InnovAge (INNV) Investor Settlement
The court has approved the settlement.
$27,000,000
Cash SettlementD. Colorado
Court1:21-cv-02770
Case number03/04/2021
Class period Start12/22/2021
Class period EndInnovAge ($INNV) has reached a tentative settlement with investors over claims that it misled them about the quality of care and regulatory compliance at its healthcare centers following its IPO.
Case Type
US Securities Class Action
Case Status
Preliminary Approved Settlement
Alleged Offence
Misleading Statements,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Filing date
10/14/2021
Plaintiffs
El Paso Firemen & Policemen’s Pension Fund ; San Antonio Fire & Police Pension Fund ; Indiana Public Retirement System
Attorneys
Cohen Milstein Sellers & Toll PLLC; Fairfield and Woods, P.C.
Defendants
Maureen Hewitt; Barbara Gutierrez
Judge
William J. Martínez
Administrator
Strategic Claims Services
Attorney fee
$6,200,000
Class wide damages
$276,960,237
Trades matching type
FIFO
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