공시 • Feb 13
JND Legal Administration Announces Proposed Settlement of Stockholder Class Action Involving CMLS Holdings III LLC; Corvex Management LP; Casdin Capital, LLC; Revolution Medicines, Inc
JND Legal Administration announced Proposed Settlement of Stockholder Class Action Involving All Record and Beneficial Holders of CM Life Sciences III, Inc. Class A Common Stock on December 14, 2021. Defendants are Eli D. Casdin; Keith A. Meister; Christian Henry; Kwame Owusu-Kesse; Chad Robins; Harlan Robins; Amy Abernethy; Brian Emes; Shaun Rodriguez; Alexis Borisy; CMLS Holdings III LLC; Corvex Management LP; Casdin Capital, LLC; Revolution Medicines, Inc. pursuant to an Order of the Court and Court of Chancery Rule 23, that: (i) the above-captioned action (the "Action") has been preliminarily certified as a class action on behalf of a class of all record and beneficial holders of CMLS III Class A Common Stock ("Class A Common Stock") during the Class Period, including successors-in-interest who obtained shares by operation of law, but excluding certain Excluded Persons (the "Class"); and (ii) Plaintiffs and Defendants in the Action have reached an agreement to settle the Action for $7,250,000 in cash (the "Settlement"). If the Settlement is approved, it will resolve all claims in the Action. Any capitalized terms used in this Summary Notice that are not otherwise defined herein shall have the meanings ascribed to them in the Stipulation and Agreement of Compromise, Settlement, and Release dated January 5, 2026 (the "Stipulation"), and the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear. A hearing will be held on April 21, 2026, at 1:30 p.m., before the Honorable Paul A. Fioravanti, Vice Chancellor, at the Court of Chancery of the State of Delaware, Leonard L. Williams Justice Center, 500 North King Street, Wilmington, DE 19801, for the purpose of determining: (i) whether to finally certify the Class for settlement purposes only, pursuant to Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2); (ii) whether Plaintiffs and Plaintiffs' Counsel have adequately represented the Class, and whether Plaintiffs should be finally appointed as Class Representatives for the Class and Plaintiffs' Counsel should be finally appointed as Class Counsel for the Class; (iii) whether the proposed Settlement should be approved as fair, reasonable, and adequate to Plaintiffs and the other members of the Class and in their best interests; (iv) whether the proposed Order and Final Judgment approving the Settlement, dismissing the Action with prejudice, and granting the Releases provided under the Stipulation should be entered; (v) whether the proposed Plan of Allocation of the Net Settlement Fund is fair and reasonable, and should therefore be approved; (vi) whether and in what amount any Fee and Expense Award to Plaintiffs' Counsel should be paid out of the Settlement Fund, including any service award to Plaintiffs to be paid solely from any Fee and Expense Award; (vii) to hear and rule on any objections to the Settlement, the proposed Plan of Allocation, Plaintiffs' Counsel's application for a Fee and Expense Award, and/or any service award to Plaintiffs; and (viii) to consider any other matters that may properly be brought before the Court in connection with the Settlement. If shares of CMLS III Class A Common Stock were held, either of record or beneficially, as of December 14, 2021, rights may be affected by the settlement of this Action. If a detailed Notice and a copy of the Proof of Claim and Release form (“Proof of Claim”) have not been received, copies (as well as a copy of the Stipulation) may be obtained by writing to CMLS III Stockholder Settlement, Settlement Administrator, c/o JND Legal Administration, P.O. Box 91222, Seattle, WA 98111. Members of the Class must submit a Proof of Claim online at www.cmlsiiistockholdersettlement.com by May 25, 2026, or by mail to be received no later than May 25, 2026, establishing entitlement to a recovery in order to share in the distribution of the Net Settlement Fund.