Illumina Inc. is a company involved in a securities litigation settlement in Washington, DC. The settlement resolves a class action lawsuit against Illumina and certain executives, alleging that they made false or misleading statements to investors regarding the company's earnings guidance in 2016. A settlement fund of $13,850,000 will be established, subject to court approval, and distributed to class members who file a proof of claim form.
The settlement class consists of individuals or entities who purchased or acquired a legal or beneficial ownership interest in Illumina's common stock between July 26, 2016, and October 10, 2016. Class members have the option to file a proof of claim form to receive a payment, exclude themselves from the class to pursue other litigation, object to the settlement, or attend the final approval hearing. Detailed information about the settlement can be obtained from the claims administrator.
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