Puma Biotechnology Securities Litigation
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Welcome to the Puma Biotechnology Securities Litigation Website

In the case of HsingChing Hsu v. Puma Biotechnology, Inc., et al., No. 8:15-cv-00865, a two week trial began on January 15, 2019 in the United States District Court for the Central District of California, Southern Division. On February 4, 2019, the jury returned a verdict.

The jury found that defendants Puma and Alan H. Auerbach violated the federal securities laws by making false and misleading statements about the efficacy of Puma’s drug, neratinib, in a clinical trial and that defendants did so in knowing violation of sections 10(b) and 20(a) of the Securities Exchange Act of 1934. As a result of this fraudulent conduct, the jury determined that Puma’s stock price was artificially inflated by $4.50 per share between July 22, 2014 and May 13, 2015. You can find a copy of the jury verdict, and more information about the trial and claims process under Case Documents.

The jury verdict will result in the payment of damages, minus certain deductions described below, to eligible Class Members who file a timely and valid Proof of Claim form (submitted online or by mail) and whose claims are approved. Class Members whose claims are approved will be entitled to receive all of their damages, plus interest, less their proportionate share of any fees and expenses awarded by the Court.

TO RECOVER DAMAGES, YOU MUST SUBMIT A VALID PROOF OF CLAIM FORM NO LATER THAN JANUARY 28, 2020. LATE FILED CLAIMS WILL ONLY BE ACCEPTED WITH THE APPROVAL OF THE COURT.

If you have questions regarding how to complete the Proof of Claim form or about the claims process, please email the Claims Administrator at info@pumabiosecuritieslitigation.com or call 1-866-880-1572.

Additional Information

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Verdict in Favor of Plaintfff Class and Against Puma Biotechnology, Inc. and Alan H. Auerbach ("Notice of Verdict")  which can be found and downloaded on the Case Documents page of this website. We recommend that you read the Notice and other relevant case documents carefully.  You may also wish to read the answers to Frequently Asked Questions provided on this website. If you have not received a postcard notice and would like to confirm that you are on the mailing list for further notice mailings in this matter, please contact the Notice Administrator and request that a postcard notice be sent to you at your current mailing address.

Important Dates and Deadlines

File Proof of Claim  January 28, 2020