Proposed Class Action Settlement Announced for Catalent, Inc. Securities Purchasers

Overview of the Proposed Settlement

In a landmark decision, the United States District Court for the District of New Jersey has sanctioned a significant settlement involving a class action lawsuit against Catalent, Inc. The action emerges from claims by investors who purchased Catalent securities during the class period from August 30, 2021, to May 7, 2023.

Who is Affected?

The settlement affects all entities and individuals who acquired shares, call options, or sold put options of Catalent, Inc. during the stipulated period and may have suffered damages. Notably, the plaintiffs involved—led by SEB Investment Management AB and the Public Employees' Retirement System of Mississippi—bring forth the concerns shared by numerous investors who felt misled during the trading period.

Details of the Settlement

The proposed settlement amount is set at $78 million. This sum, if approved, will serve as a compensation pool for affected investors. Importantly, though the defendants, which include Catalent and some of its executives, deny any wrongdoing, they agreed to resolve the lawsuit to avoid lengthy litigation costs and uncertainties. The sum is designed to address claims of losses incurred by the investors due to alleged misstatements made by Catalent’s management.

Next Steps for the Settlement Class

An official hearing to review this proposed settlement is slated for June 10, 2026. During this session, the court will evaluate whether the settlement terms are fair and reasonable, allow for the plaintiffs' needs to be met, and certify the group of affected investors officially as the Settlement Class. It is noteworthy that attendance at this hearing is not mandatory for investors hoping to claim their share.

Those who are part of the Settlement Class must act promptly; they are advised to submit a Claim Form, due by May 26, 2026. This form can be submitted either via mail or online. Failure to file the claim on time may result in being unable to collect from the settlement fund, although those individuals would still be bound by the court's final decisions.

Option to Exclude or Object

Settlement Class members who wish to opt out can do so by submitting a written request by May 20, 2026. It is crucial to note that those who exclude themselves will not receive any financial restitution but will also not be subject to the ruling of the case. Additionally, any objections to the agreement must also be recorded with the court by the same deadline. Investors are advised to check the official settlement website at CatalentSecuritiesSettlement.com for more critical details and access the necessary forms.

Conclusion

This proposed settlement marks a pivotal development for investors involved with Catalent, Inc. As the outlined dates approach, stakeholders are encouraged to remain proactive in submitting claims and participating in the process, as this will determine their eligibility for the potential recovery from losses experienced during the stated period. The overarching aim is to provide a fair resolution for investors whose confidence in Catalent was impacted, paving the way for a semblance of restoration amidst the tumultuous landscape of securities trading.