Athira Pharma Securities Litigation, Case No. 2:21-Cv-00861-TSZ (W.D. Wash.)
Notice of Pendency of Class Action: Your rights may be affected by the above-referenced securities class action (the “Action”) pending in the United States District Court for the Western District of Washington (the “Court”), if you purchased or otherwise acquired Athira Pharma, Inc. (“Athira”) publicly traded common stock during the period from September 17, 2020, through June 17, 2021, inclusive (the “Class Period”), and were damaged thereby. Important case and Settlement related documents, including the Amended Stipulation and Agreement of Settlement dated December 15, 2023 (the “Amended Stipulation”), the operative Complaint and certain Court orders, are available for review and downloading by clicking the tabs above.1
Notice of Settlement: Plaintiffs, on behalf of themselves and the Class (defined in ¶ 17 of the Notice), have reached a proposed Settlement for $10,000,000 in cash (the “Settlement Amount”) that, if approved by the Court, will resolve all claims in the Action and related claims (the “Settlement”). PLEASE READ THE NOTICE CAREFULLY. It explains important rights you may have, including the possible receipt of cash. If you are a member of the Class, your legal rights will be affected whether or not you act.
1 All capitalized terms that are not defined on this website have the meanings given to them in the Amended Stipulation.
YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT
| SUBMIT A CLAIM FORM NO LATER THAN SEPTEMBER 6, 2024, ONLINE VIA THIS WEBSITE OR BY MAIL | Submitting a Claim Form is the only way to be eligible for a payment from the Settlement Fund. If you are a Class Member and you do not exclude yourself from the Class, you will be bound by the Settlement and you will give up any Released Plaintiffs’ Claims (defined in ¶ 23 of the Notice) that you have against Defendants and the other Released Defendants’ Parties (defined in ¶ 24 of the Notice), so it is in your interest to submit a Claim Form. See ¶ 29 of the Notice for instructions on how to file a Claim Form by mail, or click here to file a claim online. |
| EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST NO LATER THAN SEPTEMBER 6, 2024 | If you exclude yourself from the Class, you will not receive any payment from the Settlement Fund. Excluding yourself from the Class is the only option that allows you to ever be part of any other lawsuit against Defendants or the other Released Defendants’ Parties concerning the Released Plaintiffs’ Claims. See ¶¶ 66-71 of the Notice for instructions. An Exclusion Form is available here. |
| OBJECT TO THE SETTLEMENT AND/OR RELATED MATTERS BY SEPTEMBER 6, 2024 IF YOU ARE NOT REPRESENTED BY COUNSEL. BY OCTOBER 11, 2024 IF YOU ARE REPRESENTED BY COUNSEL. OR AT THE FINAL APPROVAL HEARING | If you do not like the proposed Settlement, the proposed Plan of Allocation (including the cy pres recipient), or the request for attorneys’ fees and Litigation Expenses, you may object by either (a) submitting a written objection electronically or postmarked (or bearing other proof of mailing); or (b) appearing at the Final Approval Hearing and telling the Court your views. See ¶¶ 74-80 of the Notice for instructions and further details as there are different deadlines depending on whether you are represented by counsel. You cannot object unless you are a Class Member and do not exclude yourself from the Class. |
| ATTEND A HEARING IN PERSON OR VIRTUALLY ON OCTOBER 25, 2024 AT 10:00 A.M. (PACIFIC) | The Court will hold a Final Approval Hearing on October 25, 2024 at 10:00 a.m. (Pacific) before the Honorable Thomas S. Zilly, U.S. Courthouse, Courtroom 15206, 700 Stewart Street, Seattle, WA 98101. Procedures for joining via ZoomGov.com will be posted on this website when available. See ¶ 72 of the Notice for instructions on attending the Final Approval Hearing. If you are a Class Member and have not excluded yourself from the Class, you may state any objections during the Final Approval Hearing. You do NOT have to attend the Final Approval Hearing to be eligible for a payment from the Settlement. |
| DO NOTHING | If you are a member of the Class and you do nothing, you will not receive a payment. You will, however, remain in the Class and give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders in the Action. |
Identification of Co-Lead Counsel Representatives: (i) Casey E. Sadler, Esq. of Glancy Prongay & Murray, LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, (888) 773-9224, settlements@glancylaw.com; and (ii) Michael P. Canty, Esq., of Labaton Keller Sucharow LLP, 140 Broadway, New York, New York 10005, (888) 219-6877, settlementquestions@labaton.com.