Rain Oncology, Inc. Securities Litigation Class Action Settlement

Did you buy Rain Oncology, Inc. (NASDAQ: RAIN) common stock between April 23, 2021 and May 19, 2023? You may be entitled to a cash payment from a proposed $7.25 million class action settlement. Submit a valid claim form to share in the recovery.

Download Claim Form & Long Notice (PDF)

Who Is Eligible?

You are a “Class Member” if you:

• Purchased or otherwise acquired Rain Oncology common stock between April 23, 2021 and May 19, 2023, inclusive.
• Are not otherwise excluded by the Court (e.g., certain defendants, their affiliates, and immediate family members).

Settlement Benefits

• Settlement Fund: $7,250,000 in cash.
• Estimated Average Recovery: About $0.91 per affected share before deductions for fees and expenses.
• Payment Calculation: Pro rata according to a Court-approved Plan of Allocation based on when and at what price you bought or sold your shares.

Key Facts

• The lawsuit alleges Rain Oncology and certain directors violated federal securities laws by making material misstatements and/or omissions about the development and commercialization of the drug milademetan.
• Defendants deny all wrongdoing but agreed to settle to avoid the burden, expense, and uncertainty of further litigation.
• Lead Counsel will seek attorneys’ fees of up to 25% of the Settlement Fund plus up to $75,000 in litigation expenses, subject to Court approval.

Important Dates

The Court has not yet set final deadlines (claim, objection, exclusion, fairness hearing) in publicly available documents. Monitor the settlement website for updates.

Stay Informed

All official updates, key documents, and any upcoming deadlines will be posted at the court-authorized website:

https://rainoncologysettlement.com/

Frequently Asked Questions

What is the Rain Oncology, Inc. Securities Litigation Settlement about?

The settlement resolves allegations that Rain Oncology and certain directors misled investors about the progress and prospects of milademetan, allegedly inflating the company’s stock price during the Class Period.

How much money could I receive?

Your payment depends on the number of valid claims and your specific trading history. While the average payout is estimated at about $0.91 per share, you may receive more or less.

Do I need to hire a lawyer?

No. Lead Counsel represents the Class on a contingency basis. If you wish to remain a Class Member and file a claim, you do not need to hire your own attorney.

What happens if I do nothing?

If you do nothing, you will remain in the Class but receive no payment and give up the right to sue separately over the claims resolved by this settlement.

How do I exclude myself?

You must mail a timely “Request for Exclusion” to the Settlement Administrator by the Court-set deadline. Instructions will be provided in the Long Notice PDF.