#United States #Portland #Surgalign Holdings #RTIX #SEC Fair Fund

Overview of Surgalign Holdings, Inc. Fair Fund

The United States Securities and Exchange Commission (SEC) has recently established a Fair Fund concerning Surgalign Holdings, Inc. This action is directed towards reimbursing those affected by the company’s past financial practices that drew scrutiny. This article serves to inform potential claimants about the filing process, eligibility requirements, and pertinent deadlines. 

Background of the Case

Surgalign Holdings, Inc., previously known as RTI Surgical Holdings, faced regulatory action due to revenue misrepresentation from 2015 through 2019. The SEC discovered that the company shipped products ahead of customer schedules—sometimes without consent—leading to prematurely recorded revenue. This strategy artificially boosted the company's revenue metrics, misguiding investors regarding its financial health.

On August 3, 2022, following an investigation, the SEC issued a cease-and-desist order, ultimately penalizing the company $2,075,000. A Fair Fund was then created to distribute these funds to those impacted. The Fair Fund is currently being managed by Epiq Class Action Claims Solutions, Inc. 

Who Is Eligible?

Individuals and entities who purchased shares of Surgalign Holdings under the ticker RTIX from April 23, 2015, to March 16, 2020, may be eligible for distribution from this fund. Claimants must fill out a Claim Form and submit supporting documentation before the deadline of October 25, 2025.

Eligibility Criteria Includes:

1. Purchasing common stock of Surgalign Holdings during the specified time frame.
2. Claims must demonstrate a Recognized Loss based on the allocation plan, with minimum distribution payments set at $20.00.

Claimants wishing to file claims must ensure they fit within the outlined parameters and gather necessary documents to support their claim. The full eligibility details can be found on the Fair Fund’s dedicated website.

How to Submit a Claim

To initiate a claim, individuals must download the Claim Form from the Fair Fund's website, www.SurgalignHoldingsFairFund.com. The filled form must be submitted electronically or postmarked by the claim deadline. Detailed instructions for submission are provided on the website.

• - Claim Deadline: October 25, 2025.
• - Claim Submission Address:

Surgalign Holdings, Inc. Fair Fund
Fund Administrator
PO Box 6758
Portland, OR 97228-6758

It’s crucial for all claimants to adhere strictly to this deadline to avoid being barred from receiving approvals.

Claim Review Process

After the Claims Bar Date passes, the Fund Administrator will evaluate claims and provide feedback regarding approval status within 60 days. Claimants whose submissions are deemed insufficient or denied will receive further instructions on how to rectify or appeal the decision.

Conclusion

This initiative by the SEC highlights its commitment towards bolstering investor protection and ensuring that those impacted by corporate misconduct have a path to reclaim their losses. Eligible claimants are strongly encouraged to review the provided materials, verify their eligibility, and submit claims promptly. For additional assistance, the Fund Administrator can be reached at 1-877-629-4892 or via email. Frequent updates will be made available on the Fair Fund’s website, ensuring stakeholders remain informed throughout the process.