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
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Claims Filing Deadline
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This deadline has passed.
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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.