Welcome to the website for Bioness Stockholder Settlement., pending in the Court of Chancery of the State of Delaware (the “Court”).
The purpose of this website is to inform you of the pendency of a proposed settlement of the class action (the “Action”) between Plaintiffs Teuza – A Fairchild Technology Venture Ltd., Nachos, Inc., and Adnir Holdings Ltd. (collectively, “Plaintiffs”), on behalf of themselves and the Class, and Michael Dreyer, Anoosheh Bostani, Alfred E. Mann Trust, and Mann Group, LLC (the “Mann Defendants”) and Mark Lindon (together with the Mann Defendants, the “Defendants”).
If you owned Bioness, Inc. Common Stock as of March 30, 2021, and you are not an Excluded Person, you may be entitled to share in the proceeds of the Settlement as set forth in the Notice. No claim forms are required to participate in the Settlement.
Pursuant to the Settlement, an $8.9 million Settlement Fund has been established based on Bioness shares held by Class Members as of March 30, 2021 (the date of the consummation of the Merger).
The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.