
Consumers who purchased or otherwise acquired Tricida Inc. common stock between May 8, 2020, and Feb. 25, 2021, and suffered losses may qualify to claim a cash payment from a class action settlement.
Tricida Inc. agreed to pay $14,250,000 to settle a class action lawsuit alleging it violated federal securities laws. The lawsuit specifically claimed the company and its CEO made false or misleading statements and omissions about its business and prospects.
Who qualifies for a Tricida settlement payment?
Class members must meet all of the following criteria:
- They purchased or otherwise acquired Tricida Inc. common stock between May 8, 2020, and Feb. 25, 2021.
- They suffered damages as a result of their purchase or acquisition of the stock.
Both individuals and entities (such as investment funds, trusts or retirement accounts) are eligible. Those who acquired shares for the benefit of someone else (for example, as a custodian or nominee), must either forward the notice to the beneficial owner(s) or provide their contact information to the settlement administrator within seven days of receipt.
How much is the securities payout?
The total settlement fund is $14,250,000. The amount each class member receives depends on several factors, including the number of valid claims submitted and the specific details of each claimant’s transactions.
The estimated average recovery per eligible share, before deductions for attorneys’ fees, expenses and settlement administration costs, is approximately $0.40 per share. This is only an estimate; actual payments may be higher or lower.
Minimum payment: If a class member's recognized claim is greater than zero, they are entitled to a minimum distribution of $10.
Pro rata adjustment: If the total recognized claims exceed the net settlement fund, payments will be reduced proportionally.
How to claim a class action rebate
Class members can file a claim online or download, print and complete a PDF claim form and mail it to the settlement administrator. The claim deadline is Oct. 1, 2025.
Settlement administrator's mailing address: Tricida Securities Settlement c/o Kroll Settlement Administration LLC, P.O. Box 225391, New York, NY 10150-5391
Is proof or documentation required to submit a claim?
Yes. Class members must provide documentation supporting their transactions in Tricida common stock. Acceptable forms of documentation include:
- Monthly brokerage or investment account statements
- Trade confirmation slips
- A signed letter from a broker on firm letterhead with transaction details
- Other equivalent proof of transactions
Class members must also provide their account number and either the last four digits of their Social Security number or their taxpayer identification number.
Payout options
- Paper check
$14.25 million Tricida stock settlement fund breakdown
The $14,250,000 settlement fund includes:
- Settlement administration costs: Up to $500,000
- Attorneys' fees: Up to $3,918,750
- Attorneys' expenses: Up to $500,000
- Service awards to lead plaintiffs: To be determined
- Payments to class members: The remainder of the fund
If there are unclaimed funds after the initial distribution and any subsequent redistributions, the remaining balance will be donated to the Bluhm Legal Clinic Center for Litigation and Investor Protection at Northwestern University Pritzker School of Law.
Important dates
- Exclusion deadline: Sept. 11, 2025
- Claim deadline: Oct. 1, 2025
- Fairness hearing: Oct. 16, 2025
When is the Tricida securities settlement payout date?
Payments to eligible class members will be made after the court grants final approval of the settlement and any appeals or objections are resolved.
Why is there a class action settlement?
The lawsuit alleged Tricida Inc. and its CEO Gerrit Klaerner violated federal securities laws by making false or misleading statements and omitting material facts regarding the company’s business and prospects.
The defendants deny all allegations of wrongdoing. The parties agreed to settle to avoid the expense, risk and delay of further litigation and trial. The settlement provides immediate compensation to investors without the uncertainty of continued legal proceedings.
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