SCWorx Securities Litigation Settlement

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SCWorx Securities Litigation Settlement
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CLASS NOTICE: The Settlement consisted of both a payment in cash and stock to Authorized Claimants, as approved by order of the Court. On July 14, 2023, the Claims Administrator conducted the initial distribution of the Cash Settlement. On June 5, 2023, the Transfer Agent began distribution of the stock portion of the Settlement. Please address any questions regarding your payment to the Claims Administrator.

The information contained on this web page is only a summary of information presented in more detail in the Notice of (i) Pendency of Class Action and Proposed Settlement; (ii) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses; and (iii) Settlement Fairness Hearing (the “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

On June 29, 2022, the Court held a hearing to consider final approval of the Settlement and related matters.   The Court entered an order finally approving the Settlement, approving the Plan of Allocation for the proceeds of the Settlement, and awarding attorneys’ fees and litigation expenses. 

If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement unless you timely request to be excluded.  The Class consists of: 

All persons or entities who purchased or otherwise acquired SCWorx common stock on the Nasdaq or other U.S. exchanges or in a U.S. transaction between Apri 13, 2020 and April 17, 2020, inclusive.

Please read the Notice to fully understand your rights and options. A copy of the Notice can be found on the menu at the left of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.


IMPORTANT DATES

Claims Filing Deadline

This deadline has passed.



Please read the Notice carefully.  If you have questions, you may call the SCWorx Securities Litigation Help Line at 1-877-266-4060 or email info@SCWorxSecuritiesLitigation.com.  




 

 

 



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