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TLIS.US
id: 1330

Talis Biomedical (TLIS) Investor Settlement

The settlement funds have been distributed to claimants.
$32,500,000
Cash Settlement
N.D. California
Court
3:22-cv-00105
Case number
02/11/2021
Class period Start
08/11/2021
Class period End
08/21/2024
Claim deadline
Talis Biomedical reached a settlement with $TLIS investors to resolve claims that it misled them about delays in approval and launch of the Talis One COVID-19 test.
Case Type
US Securities Class Action
Case Status
Disbursed
Alleged Offence
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Research Entity
Security Type
Stocks
Trade Direction
Long
Payout per Share
2.05
Filing date
01/13/2023
Plaintiffs
John Modrak
Attorneys
Bleichmar Fonti & Auld LLP (New York, NY), Pomerantz LLP (Los Angeles, CA), The Schall Law Firm (Los Angeles, CA)
Defendants
Brian Coe, J. Roger Moody, Jr., Felix Baker
Judge
Hon. Susan Illston
Administrator
A.B. Data Ltd
Exclusion deadline
08/20/2024
Attorney fee
$10,900,000
Class wide damages
$201,390,300
Trades matching type
FIFO

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