Shattuck Labs Inc. (STTK) $1.4M Shareholder Settlement

Shattuck Labs Inc. (STTK) pays $1.4 million to shareholders to settle a class action over an IPO supporting materials that alleges that:

1. Collaboration Agreement with Takeda was not solid;

2. Takeda and Shattuck would “mutually agree” to terminate the Collaboration Agreement in essentially one year;

3. as a result, Shattuck would cease to receive any future milestone, royalty, or other payments from Takeda; and

4. as a result, the statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

All who purchased the common stock of Shattuck Labs, Inc. between October 9, 2020, and November 8, 2021, both dates inclusive, including in Shattuck’s October 9, 2020 IPO, and held such shares past November 8, 2021, may be eligible to receive a payment.