OZYMF.US
id: 735
Orphazyme A/S (ORPH) $2.5M IPO Settlement
The settlement funds have been distributed to claimants.
$2,500,000
Cash SettlementN.D. Illinois
Court1:21-CV-03640
Case number09/29/2020
Class period Start11/04/2021
Class period End01/17/2024
Claim deadlineOrphazyme A/S (ORPH) agreed to settle $2.5 million with investors to end claims over misleading statements during its IPO in 2020.
Case Type
US Securities Class Action
Case Status
Disbursed
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Payout per Share
0.12
Filing date
07/09/2021
Plaintiffs
Marko Busic
Attorneys
Bronstein, Gewirtz & Grossman, LLC (New York, NY), Pomerantz LLP (Chicago, IL)
Defendants
Christophe Bourdon, Anders Vadsholt, Kim Stratton, Thomas Blaettler, Molly Painter, Georges Gemayel, Bo Jesper Hansen, Martin Bonde, Rémi Droller, Sten Verland, Martijn Kleijwegt, Anders Hedegaard, Catherine Moukheibir, Carrolee Barlow
Judge
Hon. John F. Kness
Administrator
A.B. Data Ltd
Settlement agreement date
2023-05-12
Trades matching type
FIFO
Disbursement date
09/20/2024