Updates for Getting Payment on the Amylyx Pharmaceuticals $6.5M Settlement
Hey guys, if you missed it, Amylyx Pharmaceuticals settled $6.5M with investors over claims involving Relyvrio’s launch, demand, discontinuations, and growth prospects. And, I just found out that they’re considering late claims.
Quick recap: Amylyx was accused of misleading investors about the strength of Relyvrio’s launch and demand. The company repeatedly described the launch as strong, while investors say demand had already started slowing and discontinuations were higher than the market understood.
After this news came out, $AMLX dropped 32%, and investors filed a lawsuit over their losses.
Now, the company has reached a tentative $6.5M settlement with investors, and even though the deadline has passed, late claims are still being considered for compensation, subject to approval.
So, if you invested in $AMLX at the time, you can still check the details and see if you may be able to file a late claim [here](https://11th.com/cases/amylyx-pharmaceutical-investor-settlement).
Anyway, has anyone here invested in $AMLX back then? How much were your losses, if so?