| COMPANY |
Impinj, Inc. |
| COURT |
United States District Court for the Western District of Washington |
| CASE NUMBER |
18-cv-5704 |
| JUDGE |
The Hon. Robert S. Lasnik |
| CLASS PERIOD |
July 21, 2016 - February 15, 2018 |
| SECURITY TYPE |
Common Stock |
Case Background:
On August 27, 2018, the initial complaint in this securities class action was filed against Impinj, Inc. (“Impinj”), and certain of Impinj’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action on behalf of all persons and entities (including, without limitation, their beneficiaries) who purchased or otherwise acquired the common stock of Impinj between July 21, 2016 and February 15, 2018, both dates inclusive (the “Class Period”), and were damaged thereby.
The complaint alleged that throughout the Class Period, Defendants made materially false and misleading statements or material omissions about the capabilities of the Impinj Platform. The complaint further alleged that the price of Impinj common stock was inflated during the Class Period as a result of Defendants’ misstatements and omissions and declined when the truth was revealed through a series of disclosures from August 3, 2017 through February 15, 2018.
Current Status of Case:
On July 9, 2020, the parties entered into a Stipulation and Agreement of Settlement. On November 20, 2020, the Court entered a Judgement granting Final Approval of the Settlement in the amount of $20,000,000. This action has concluded.
The deadline to file a claim is November 27, 2020. If you have any questions or need further information about this settlement, you may go to the following website, http://www.impinjsecuritieslitigation.com/, or you can contact the claims administrator, A.B. Data, Ltd. at 1-800-380-8496.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.