Summary
The United States District Court for the District of Colorado granted final approval of a $27 million class action settlement in securities litigation concerning InnovAge Holding Corp. The court also awarded $5.4 million in attorney fees, $339,100.07 in litigation expenses, and $15,000 incentive awards to each of the three lead plaintiffs, and directed the Clerk to terminate the action.
Court
United States District Court for the District of Colorado
Jurisdiction
United States District Court for the District of Colorado
Decision date
December 17, 2025
Docket number
21-cv-2770-WJM-SBP
Disposition
other
Questions Presented
- Whether the proposed class-action settlement was fair, reasonable, and adequate under Federal Rule of Civil Procedure 23(e)(2).
- Whether class counsel's requested $5.4 million attorney-fee award and $339,100.07 in litigation expenses were reasonable.
- Whether each Lead Plaintiff should receive a $15,000 incentive award.
Holdings
- The settlement was fair, reasonable, and adequate under Federal Rule of Civil Procedure 23(e)(2), and final approval was warranted.
- Class counsel's request for $5.4 million in attorney fees, equal to 20% of the settlement fund, was fair and reasonable.
- Lead Plaintiffs were entitled to reimbursement of $339,100.07 in litigation expenses.
- Each Lead Plaintiff was entitled to a $15,000 incentive award.
Court Document
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