I received a letter that class action settlement has been reached for former CHTP stock holders. If I understand correctly I would have to file a claim and I could possibly get some money back if I bought CHTP stock from September 20, 2010 through May 21, 2012 and incurred loss.
Has anyone had experience with similar cases (i.e. roughly how much money is it possible to get back from such class action lawsuits)? What are the risks (e.g. did you have to pay any legal fees before even being able to get any money back)? Any other things that would be good to know and if it is even worth one'stime?
If I understand correctly then in particular case the court has already awarded $5,500,000.