Gordon v. Vanda Pharms Inc.

The purpose of this website is to inform you of the proposed Settlement of this class action (the “Action”) between Lead Plaintiff Teamsters Local Union No. 727 Pension Fund, on behalf of itself and the proposed Class, and Defendants Vanda Pharmaceuticals, Inc., and Mihael H. Polymeropoulos (“Defendants”).

If you purchased or otherwise acquired Vanda common stock between November 4, 2015 and February 11, 2019, and you are a Class Member, you may be entitled to share in the proceeds of the Settlement set forth in the Notice.

Pursuant to the Settlement, an $11.5 million Settlement Fund has been established.

The Court has not decided whether Defendants did anything wrong, and the Notice is not an admission by Defendants or an expression of any opinion of the Court concerning the merits of the Action.

The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.

Your Legal Rights and Options in this Settlement

Actions You May Pursue	Effect of Taking This Action
Submit a Proof of Claim postmarked (if mailed) or received (if filed electronically here) no later than December 28, 2022.	This is the only way to potentially get a payment from the Settlement.
Exclude yourself from the Class by submitting a written request for exclusion so that it is received no later than December 15, 2022.	Get no payment. This is the only option that allows you to ever be part of any other lawsuit against the Defendants concerning the claims that were, or could have been, asserted in this case. It is also the only way for Class Members to remove themselves from the Class. If you are considering excluding yourself from the Class, please note that there is a risk that any new claims asserted against the Defendants may no longer be timely and would be time-barred. You should talk to a lawyer before you request exclusion from the Class for the purpose of bringing a separate lawsuit.
Object to the Settlement by submitting a written objection so that it is received no later than December 15, 2022.	Write to the Court and explain why do not like the Settlement, the proposed Plan of Allocation, and/or the request for attorneys’ fees and expenses. In order to object, you must remain a Member of the Class, may not exclude yourself, and will be bound by the Court’s determinations.
Go to the Hearing on January 5, 2023 at 10:00 a.m., and file a notice of intention to appear so that it is received no later than December 15, 2022.	Ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and expenses. Remote access to the final settlement approval hearing shall be afforded to the public by telephone: 888-363-4734, access code 4444221. This telephone number is afforded for people to listen but not to speak.
Do Nothing.	You will not be eligible to receive a payment from the Settlement, you will give up your rights, and you will still be bound by the Settlement.