Malin v. Ambry Genetics Corporation
30-2018-00994841-CU-SL-CXC

Welcome to the Malin v. Ambry Genetics Corporation Settlement Website

The proposed Settlement is for the benefit of former shareholders of Ambry Genetics Corporation (“Ambry”) who sold some or all of their shares back to Ambry as a part of a 2015 repurchase program, which consisted of two Tender Offers announced in June 2015 and July 2015 (the “Tender Offers”). If you received a Notice of Proposed Class Action Settlement your legal rights are affected whether you act or do not act. Read the Notice of Proposed Class Action Settlement immediately.

What is this Lawsuit About?

The Settlement resolves class action litigation over whether Ambry made false and misleading statements or omissions to its shareholders in connection with its offers to repurchase its shares in June and July of 2015. The litigation was initially filed by Steven and Rebecca Malin on behalf of the Certified Class (collectively, “Plaintiffs”).

Who is included?

The persons eligible to participate in the Settlement are all former Ambry shareholders who sold some or all of their shares back to Ambry as a part of the 2015 repurchase program, which consisted of two Tender Offers announced in June 2015 and July 2015.

What does the Settlement provide?

The total amount of the proposed Settlement is $8,750,000 (the “Settlement Fund”). Your recovery from the Settlement Fund, if any, will depend on the number of shares that you sold in the Tender Offers, the number of former shareholders that elect to opt-out of the Settlement, the cost of claims administration and the amount of the attorneys’ fees and other costs and expenses approved by the Court. Assuming that all eligible members of the class share in the Settlement, the estimated average recovery will be approximately $83.56 per share before deduction of Court-approved fees and expenses.

Your Legal Rights and Options in this Settlement

ACTION

EXPLANATION DUE DATE
DO NOTHING If you do nothing you will remain in the class and receive a settlement check if the settlement becomes effective.  You will also give up your rights to sue Defendant about the legal claims in this case.

See FAQ No. 21.
No Deadline
EXCLUDE YOURSELF If you are a Class Member and exclude yourself, you will not be included in the Settlement. You will receive no Settlement benefits and you will keep any rights you currently have to sue the Defendant about the claims in this case.  See FAQ No. 10. February 28, 2020 (Received)
OBJECT If you are a Class Member who does not exclude yourself and disagrees with the Settlement, you have the option to write to the Court to explain your objection.  See FAQ No. 16. March 6, 2020 (Received)
GO TO A HEARING Class Members also have the option to request to speak in court about the fairness of the Settlement. See FAQ No. 20. April 3, 2020 at 1:30pm

Orange County Superior Court
Civil Complex Center
Department CX101
751 W. Santa Ana Blvd.
Santa Ana, CA 92701
 

For More Information

Visit this website often to get the most up-to-date information.

Mail

Malin v. Ambry, Case No. 30-2018-00994841-CU-SL-CXC
C/O JND Legal Administration
PO Box 91248
Seattle, WA 98111