What is this Settlement about?
This website relates to a class action lawsuit (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) brought between the (i) Milana Nemeth and Adam Saab (the “Plaintiffs”), on behalf of themselves and the Class (as defined below); and defendants Eli D. Casdin, Keith A. Meister, Christian Henry, Kwame Owusu-Kesse, Chad Robins, Harlan Robins, Amy Abernethy, Brian Emes, Shaun Rodriguez, CMLS Holdings III LLC (the “CMLS III Defendants”), Casdin Capital, LLC, Corvex Management LP, Revolution Medicines, Inc., and Alexis Borisy. Defendants deny all claims and allegations of wrongdoing alleged in the Settlement.
Collectively, the “Defendants,” and, together with Plaintiffs, the “Parties,” and each a “Party”) have reached a proposed settlement of the Action (the “Settlement”) for $7,250,000 (United States Dollars) in cash (the “Settlement Amount”). The proposed Settlement, if approved by the Court, will resolve all claims in the Action.
Who is included?
If you are a member of the Class, you are subject to the Settlement. The Class preliminarily certified by the Court solely for purposes of the Settlement consists of:
All record and beneficial holders of CM Life Sciences III, Inc. (“CMLS III”) Class A Common Stock who held such stock immediately following the Redemption Deadline of 5:00 PM ET on December 14, 2021, including their successors in interest who obtained shares by operation of law.
Who is excluded?
Excluded form the Settlement Class are: (i) Defendants and members of the Individual Defendants’ immediate families; (ii) any Person, firm, trust, corporation, or any entity in which any of the foregoing individuals or entities has a controlling interest; (iii) the legal representatives, heirs, successors, or assignees of any such Excluded Persons; and (iv) any trusts, estates, entities, or accounts that held shares of CMLS III Class A Common Stock for the benefit of any Excluded Persons.
Please note: the Class is a non “opt-out” class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.
Your Legal Rights and Options in this Settlement
These deadlines may be moved, canceled, or otherwise modified, so please check this site regularly for updates.
| Option & Due Date | Status | Event Description |
|---|---|---|
TO RECEIVE A PAYMENT FROM THE SETTLEMENT, CLASS MEMBERS MUST SUBMIT A PROOF OF CLAIM AND RELEASE NO LATER THAN May 24, 2026 | Status: Upcoming | Explanation: If you are a member of the Class, you may be eligible to receive a distribution from the Settlement proceeds. Eligible Class Members must submit a Proof of Claim and Release in order to receive a distribution from the Settlement, if approved by the Court. If you are eligible for a distribution from the Settlement, it will be paid to you directly. See FAQ 6 for further discussion. |
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN April 7, 2026 | Status: Upcoming | Explanation: If you are a member of the Class and would like to object to the proposed Settlement, the proposed Plan of Allocation, and/or Plaintiffs’ Counsel’s Fee Application, including Plaintiffs’ application for a service award, you may write to the Court and explain the reasons for your objection. |
ATTEND A HEARING ON APRIL 21, 2026, AT 1:30 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN APRIL 7, 2026. | Status: Upcoming | Explanation: Filing a written objection and notice of intention to appear that is received by April 7, 2026 allows you to speak in Court, at the discretion of the Court, about your objection. In the Court’s discretion, the April 21, 2026 hearing may be conducted by telephone or videoconference (see FAQ 9). If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |
How do I obtain more information?
Detailed information about the Settlement is contained in the Notice, a copy of which can be found in the menu at the top of this page. Additional information can also be obtained by contacting the Settlement Administrator.
Settlement Administrator
CMLS III Stockholder Settlement c/o JND Legal Administration P.O. Box 91222 Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.
