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Novavax (NASDAQ: NVAX) Securities Litigation Settlement: $47M

Lawsuit Filed

Open for Claims

Closed

March 18th, 2024

Did Novavax mislead investors about its COVID-19 vaccine development? This settlement resolves claims that Novavax and its leaders made false statements affecting its stock price, leading to a lawsuit under federal securities laws. The allegations included misleading info about vaccine production and development, suggesting these actions inflated Novavax's stock.

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Claim Form

Click Here to Submit a Claim

PLEASE REMEMBER: You are submitting your class action settlement claim under penalty of perjury. Your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website above. NOTE: If you do not qualify for this settlement do NOT file a claim. You can check out our other open class action settlements you may be eligible for.

Who's eligible?

All persons or entities who or which, during the period from May 11, 2021 through October 19, 2021, inclusive, purchased or otherwise acquired the publicly traded common stock of Novavax, Inc. and were damaged thereby.

Proof of Purchase

Yes, proof of purchase is required.

Settlement At a Glance

Settlement Amount

$1.24 per Share

Claim Form Deadline

05/18/2024

Exclusion Deadline (Opt-Out)

05/02/2024

Final Approval Hearing

05/23/2024

Additional Information

** Preliminarily Approved** means that the parties agree to the settlement terms by executing a settlement agreement. Next, the settlement agreement must be approved by the court. The judge in the case must agree that the terms of the settlement are fair, reasonable and adequate to the class members.

This is an average recovery of approximately $1.24 per allegedly damaged share before deductions for awarded attorneys’ fees and Litigation Expenses, and $0.80 per allegedly damaged share after deductions for awarded attorneys’ fees and Litigation Expenses.

Think you might have a case? If you believe you've been affected by a similar situation, browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!

Stay Informed

Class Action Settlement Website:

https://www.strategicclaims.net/claim-form-novavax-inc-securities-litigation/

Claims Administrator:

Legal Representation

Case Name:

Class Counsel:

Michael H. Rogers, Esq
Labaton Keller Sucharow LLP
Brian Calandra, Esq
Pomerantz LLP

Defense Counsel:

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