お知らせ • Jun 09
Pomerantz LLP Announces Proposed Class Action Settlement On Behalf Of Purchasers Of Securities Of Amylyx Pharmaceuticals, Inc
Pomerantz LLP announced that the United States District Court for the District of Massachusetts has approved the following announcement of a proposed class action settlement that would benefit purchasers of publicly traded securities of Amylyx Pharmaceuticals, Inc. All those who purchased or otherwise acquired Amylyx Pharmaceuticals, Inc. securities between November 11, 2022, and November 8, 2023, inclusive, and who were allegedly damaged thereby are included in the Settlement Class. Plaintiff Oliver Shih, on behalf of himself and all members of the proposed Settlement Class, and Amylyx, Joshua B. Cohen, Justin B. Klee, James M. Frates, and Margaret Olinger (collectively, Defendants) have reached a proposed settlement of the claims against the Defendants in the above-captioned class action in the amount of $6,500,000. A hearing will be held before the Honorable Nathaniel M. Gorton either in person or remotely, at the Court’s discretion, on September 10, 2026, at 11:00 a.m. at the United States District Court for the District of Massachusetts, Courtroom No. 4, 3rd Floor, 1 Courthouse Way, Boston, Massachusetts, 02210 to determine whether the Court should: (i) approve the proposed Settlement as fair, reasonable, and adequate; (ii) dismiss the Action with prejudice as provided in the Stipulation of Settlement, dated May 4, 2026; (iii) approve the proposed Plan of Allocation for distribution of the proceeds of the Settlement (the Net Settlement Fund) to Settlement Class Members; and (iv) approve Lead Counsel’s application for attorneys’ fees, litigation expenses, and award to Plaintiff. The Court may change the date of the Settlement Hearing, or hold it remotely, without providing another written notice. If have not yet received a full Notice of Pendency and Proposed Settlement of Class Action (Notice) and Proof of Claim and Release Form (Proof of Claim), may obtain copies of these documents by contacting the Claims Administrator. Inquiries, other than requests for information about the status of a claim or for copies of the Notice and Proof of Claim, may also be made to Lead Counsel. If a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, must submit a Proof of Claim postmarked or submitted online no later than August 31, 2026. If a Settlement Class Member and do not timely submit a valid Proof of Claim, will not be eligible to share in the distribution of the Net Settlement Fund, but will nevertheless be bound by all judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable. If a Settlement Class Member and wish to exclude yourself from the Settlement Class, must submit a written request for exclusion in accordance with the instructions set forth in the Notice so that it is received no later than August 11, 2026. If properly exclude yourself from the Settlement Class, will not be bound by any judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable, and will not be eligible to share in the distribution of the Net Settlement Fund. Any objections to the proposed Settlement; Lead Counsel’s application for awards of attorneys’ fees, expenses, and award to Lead Plaintiff; and/or the proposed Plan of Allocation must submitted to counsel for the Parties in accordance with the instructions in the Notice, such that they are received no later than August 24, 2026.