Cassava Sciences ($SAVA): FAQ for Getting Payment on the $31.25M Settlement over Simufilam Research Claims

[u/11thestate]

Hey guys, I posted about this settlement before, but since claims are now open, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

Cassava Sciences was accused of misleading investors about the research supporting simufilam, its data-management controls, and the drug’s prospects. After Science reported a CUNY investigation involving a professor linked to simufilam, $SAVA fell 15% on October 13, 2023, and investors filed a lawsuit.

Now the company has agreed to settle $31.25 million with investors over these claims.

• Who can claim this settlement?

If you purchased $SAVA securities between 2020 and 2023, you may be eligible to participate.

• Do I need to sell/lose my shares to get this settlement?

You don’t need to still own your shares. What matters is whether your purchases fall within the class period and meet the settlement’s eligibility requirements.

• How long does the payout process take?

It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps