Welcome to the Alnylam Securities Litigation Settlement Website.
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
Plaintiff Has Reached a Proposed Settlement, Subject to Court Approval
The Court-appointed Lead Plaintiff, on behalf of itself and the Settlement Class, has reached a proposed settlement of this action, captioned Chester County Employees Retirement Fund v Alnylam Pharmaceuticals, Inc., et al., Index No. 655272/2019 (N.Y.S.C) (the “Action”), for a cash payment of $7,000,000 (the “Settlement”). The Settlement, if approved by the Court, will resolve all claims in this Action.
Your Rights in the Proposed Settlement
If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the proceeds of the Settlement, if it receives final Court approval. The Class certified by the Court includes all persons or entities who purchased or otherwise acquired Alnylam common stock between November 14, 2017 and September 12, 2019, inclusive, except those persons or entities that are excluded, as described below.
You are not a Settlement Class Member if you are: (a) Defendants and their immediate families; (b) the officers, directors and affiliates of Defendants during the Settlement Class Period and members of their immediate families; (c) the legal representatives, heirs, successors, or assigns of any of the foregoing; (d) and any entity in which any Defendant has or had a controlling interest. Also excluded from the Settlement Class is any person or entity who timely and validly requests exclusion from the Settlement Class as set forth in the Notice.
Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu at the top of this page.
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked no later than March 17, 2022.
Payments to eligible claimants will be made only after the Settlement and a Plan of Allocation are approved by the Court and any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
IMPORTANT DATES AND DEADLINES
| Date | Deadline |
|---|---|
| MARCH 17, 2022 | Claim Filing Deadline: Claim Forms must be postmarked no later than MARCH 17, 2022 to be eligible for a payment from the Settlement. |
| MARCH 22, 2022 | Exclusion Deadline: If you do not want a payment from this Settlement, but you want to keep the right to sue or continue to sue any of the Defendants on your own about the same legal issues in this case, then you must take steps to get out of the Settlement Class. This is called excluding yourself or is sometimes referred to as opting out of the Settlement Class. Requests to be excluded from the proposed Settlement must be postmarked no later than MARCH 22, 2022, in accordance with the instructions in the Notice. |
| MARCH 22, 2022 | Objection Deadline: Any objections to the proposed Settlement, the proposed Plan of Allocation, and/or Plaintiff’s Counsel request for an award of attorneys’ fees and expenses, must be received no later than MARCH 22, 2022, in accordance with the instructions in the Notice. |
| APRIL 12, 2022 at 2:30 p.m. | The Final Approval Hearing: A hearing will be held on APRIL 12, 2022 at 2:30 p.m. before the Honorable Robert R. Reed, at Part 43, via Microsoft Teams Virtual Platform. Any Settlement Class Member who wishes to appear at the Final Approval Hearing may access the hearing via Microsoft Teams using the following information: Stream link: http://wowza.nycourts.gov/VirtualCourt/new/st-nysupcv/st-nysupcv1 Stream Password: 7456The hearing will be held by the Court for the purpose of determining whether the proposed Settlement is fair, reasonable, and adequate and should be approved by the Court; whether an Order and Final Judgment as provided in the Stipulation of Settlement should be entered; and whether the proposed Plan of Allocation should be approved. If there are objections, the Court will consider them and will listen to people who have asked to speak at the hearing. The Court may also decide how much should be awarded to Plaintiff’s Counsel for attorneys’ fees and expenses, and whether to approve a service award totaling no more than $15,000 to the Plaintiff for its efforts in representing the Settlement Class. |