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Welcome to the Pain Therapeutics, Inc. Securities Litigation website
Pain Therapeutics, Inc. Securities Litigation
U.S. District Court, Western District of Texas
Case No. 1-11-CV-01034 (SS)
Your rights may be affected by proceedings in this action if you are a person or entity who:
Purchased common stock of Pain Therapeutics, Inc., during the period from December 27, 2010 and June 26, 2011, both dates inclusive (“the Class Period”).
Excluded from the Class are defendants, officers and directors of Pain Therapeutics, Inc., members of their immediate families, heirs, successors or assigns, and any entity in which defendants have or had a controlling interest.
Please Note: This case has not been settled. This website is intended only to inform you that a class action is currently in progress. There is no claim form to be mailed.
The purpose of this website is to inform you of: (a) the pendency of the captioned class action before the Honorable Sam Sparks, in the United States District Court for the Western District of Texas (the “Action”); (b) the certification of the Class defined above, of which you may be a member (“Class Member”); and (c) your right to be excluded from the Class. This Action has not been settled and continues to be litigated. Accordingly, no claim form need be filed at this time.
If you purchased shares of Pain Therapeutics Inc. common stock during the period of December 27, 2010 through June 26, 2011, both dates inclusive, you may be a member of the Class. As a Class Member, you will be bound by the result of any trial of the Action, any judgment entered by the Court, and any determination made by the Court, unless you timely mail a request for exclusion, as described in the Notice on pages 2-3, postmarked no later than September 25, 2015.
For more information about the litigation, please read the Notice. You may also view the documents filed with the Court on the Court Documents tab.
NOTICE TO BANKS, BROKERS AND OTHER NOMINEES
The Court has ordered that if you held any Pain Therapeutics, Inc. common stock, CUSIP 69562k100, purchased during the Class Period as nominee for a beneficial owner, then, within ten (10) days after you receive this Notice, you must either: (1) provide a list of the names and addresses of such beneficial owners to the Claims Administrator, preferably in an MS Excel data table setting forth: (a) title/registration, (b) street address, (c) city/state/zip; on electronic mailing labels in MS Word file (label size Avery #5162), or printed out on physical mailing labels; or (2) send copies of this Notice and Proof of Claim by first class mail to all such beneficial owners, providing written confirmation to the Claims Administrator of having done so.
If you choose to mail the Notice yourself, you may obtain (without cost to you) as many additional copies of these documents as you will need to complete the mailing by either downloading a copy from the Claims Administrator’s website, or by contacting the Claims Administrator at:
Pain Therapeutics, Inc. Securities Litigation
c/o KCC Class Action Services
PO Box 43372
Providence, RI 02940-3372
nominees@paintherapeuticslitigation.com
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