ChemoCentryx ($CCXI/ now $AMGN ): FAQ for Getting Payment on the $69M Settlement over Avacopan Claims
Everything you need to know about the $69M ChemoCentryx ($CCXI/ now $AMGN ) Settlement Payout
Hey guys, I posted about this settlement before, but since claims are still open, I decided to share it again with a little FAQ.
So here's all I know about this agreement:
ChemoCentryx was accused of misleading investors about its avacopan drug, the ADVOCATE trial, and FDA review concerns. After the FDA disclosed concerns about the trial in May 2021, $CCXI fell sharply, and investors filed a lawsuit.
Now the company has agreed to settle $69M with investors.
Who can claim this settlement?
If you bought $CCXI between 2019 and 2021, you may be eligible. You don’t need to still own the shares to claim.
Do I need to sell/lose my shares to get this settlement?
No. You may qualify even if you already sold your $CCXI shares, as long as your transactions meet the settlement requirements.
Can I still file a claim?
Yes. Eligible claimants can currently submit their claims, and the deadline to file is October 1, 2026. Check if your eligible and submit your claim [here](https://11th.com/cases/chemocentryx-investor-settlement)
How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.
Hope this info helps