Update on the Distribution of the U.S. Net Settlement Fund
The Court has approved the distribution of the U.S. portion of the Net Settlement Fund to eligible Court-approved Claimants who qualified for an award under the Plan of Allocation. A distribution of funds has occurred on the following date/s:
May 12, 2022

Subsequent distributions will occur on a rolling basis.

If you have any questions, please contact the Claims Administrator whose contact information is listed here below:
1-888-383-0345, Info@OPKOHealthSecuritiesLitigation.com

The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Litigation Expenses. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

Lead Plaintiff, on behalf of itself and the Settlement Class, has settled the Action in exchange for $16,500,000 in cash (the “Settlement”).

The Court held a hearing to consider approval of the Settlement and related matters on December 15, 2020.  On April 28 and 29, 2021, the Court entered a Final Judgment and an Order finally approving the Settlement and approving the proposed Plan of Allocation, and an Order awarding attorneys’ fees and expenses.

The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (i) any Taxes; (ii) any Notice and Administration Costs; (iii) any Litigation Expenses awarded by the Court; (iv) any attorneys’ fees awarded by the Court; and (v) any other costs or fees approved by the Court) will be distributed in accordance with the Plan of Allocation approved by the Court.  The Court-approved Plan of Allocation, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class, is set forth in Appendix A at the end of the Notice.

We filed the distribution motion on November 19, 2021. The initial distribution occurred on May 12, 2022. Subsequent distributions will occur on a rolling basis.

Please read the Notice to fully to understand your rights.

The claims administration was completed in October 2021. On November 19, 2021 the Motion for Approval of Distribution Plan was filed. On March 23, 2022, the Court entered the Order Approving the Distribution Plan. The first distribution of the net settlement fund occurred in May 2022. Subsequent distributions will occur on a rolling basis provided that net settlement funds are available.

How do I obtain more information?

More detailed information about the Action and the Settlement is contained in the Notice. If you have questions, you may contact the Claims Administrator by calling toll-free 1-888-383-0345; emailing info@OPKOHealthSecuritiesLitigation.com; or mailing a letter to:

OPKO Health Securities Litigation
c/o JND Legal Administration
P.O. Box 91360
Seattle, WA 98111

Inquiries should NOT be directed to the Court, the Clerk of the Court, Defendants, or their counsel.