Pardi v. Tricida, Inc. et al.

United States District Court Northern District of California, Case No. 4:21-cv-00076-HSG

Notice of Pendency of Class Action and Proposed Settlement; Settlement Fairness Hearing; and Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses

A Federal Court has authorized this website. This is not a solicitation from a lawyer.

A $14.25 million settlement has been reached for investors in 
Tricida, Inc. stock between May 8, 2020 and February 25, 2021.

Please read the Notice carefully and in its entirety. 

The Notice explains important rights you may have, including the possible receipt of cash from the Settlement.  If you are a member of the Class, your rights are affected whether or not you act.


 

Contact Us

Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”) pending in the United States District Court for the Northern District of California (the “Court”), if, during the period from May 8, 2020 to February 25, 2021, inclusive (the “Class Period”), you purchased or otherwise acquired Tricida, Inc. common stock and were damaged thereby. 

 

This website relates to a proposed Settlement of claims in a pending Action brought by investors alleging, among other things, that defendant Gerrit Klaerner (“Defendant”) violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Defendant denies each and every claim and contention alleged in the Action and denies any misconduct or wrongdoing whatsoever. The proposed Settlement, if approved by the Court, will settle claims of the Class.

 

Subject to Court approval, Lead Plaintiff, on behalf of himself and the Class, has agreed to settle the Action in exchange for a settlement payment of $14,250,000 in cash (the “Settlement Amount”) to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Class.

 

If you have any questions about the proposed Settlement, or your eligibility to participate in the Settlement, please do not contact Tricida, Inc. or the Defendant in the Action, or his counsel. Questions should be directed to Class Counsel or the Claims Administrator.

 

Your Legal Rights and Options in the Settlement

Submit a claim.

Submit a Claim Form so that it is postmarked (if mailed) or received (if submitted online) no later than 

October 1, 2025.

This is the only way to be eligible to receive a payment from the Settlement Fund.  If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiff Parties’ Claims that you have against Defendant and the other Releasees, so it is in your interest to submit a Claim Form.

Exclude yourself.

Exclude yourself from the Class by submitting a written exclusion so that it is received by no later than September 11, 2025.

If you exclude yourself from the Class, you will not be eligible to receive any payment from the Settlement Fund.  This is the only option that allows you ever to be part of any other lawsuit against any of the Defendant or the other Defendant Releasees concerning the Released Plaintiff Parties’ Claims. 

Object.

Object to the Settlement by submitting a written objection so that it is received no later than September 11, 2025.

If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, and award of reasonable costs and expenses to Lead Plaintiff, (all of which will be filed on or before July 28, 2025 and available in the Documents section), you may write to the Court and explain why you do not like them.  You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Class Member and do not exclude yourself from the Class. 

Appear at a hearing.

Attend a hearing on October 16, 2025 at 2PM PT, and file a Notice of Intention to Appear so that it is received no later than September 25, 2025.

Filing a written objection and notice of intention to appear by September 25, 2025, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses.  If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.

Do nothing.

If you are a member of the Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund.  You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.

This website is authorized by the Court, supervised by counsel to the Parties, and controlled by the Claims Administrator approved by the Court. This is the only authorized website for this case.

For more information please call email [email protected], or call (833) 876-1381.