What the press release tells us
- Announcement date:âŻAugustâŻ8âŻ2025 â LeviâŻ&âŻKorsinsky, LLP filed a notice to PepGen Inc. (NASDAQâŻPEPG) investors about a pending securitiesâfraud class action.
- What the filing seeks:âŻRecovery of losses incurred by investors who were âadversely affectedâ (the specific alleged misconduct and the exact class of investors are described in the full complaint, which was not included in the excerpt you provided).
Timeline information that is in the release
- No specific deadline or âexpected resolutionâ date is disclosed in the PRâNewswire announcement.
- The notice simply urges interested investors to âcontact LeviâŻ&âŻKorsinsky before AugustâŻ8âŻ2025â to discuss their rights. (That date is a contactâby deadline, not a projected resolution date.)
What typically happens in a securitiesâclassâaction and what you can expect
Phase | Typical timing (for a U.S. federal securities class action) | What youâll see in public disclosures |
---|---|---|
Filing of complaint | Immediately after the ânoticeâ (often within a few weeks of the âcontactâbyâ date) | Press release; initial docket entry on PACER; possible âForm 8âK â Other Eventsâ filed with the SEC to disclose the lawsuit. |
Initial disclosures & service of process | 1â2âŻmonths | The companyâs next FormâŻ10âQ (quarterly) or FormâŻ10âK (annual) often includes a brief âLegal Proceedingsâ paragraph. |
Discovery (document production, depositions) | 6âŻââŻ12âŻmonths (can be longer if parties contest scope) | Periodic âSECâfiledâ updates (e.g., FormâŻ10âK/10âQ or FormâŻ8âK if a material development occurs). |
Motions (e.g., to dismiss, summaryâjudgment motions) | 12âŻââŻ18âŻmonths after filing | If a motion is filed or decided, the company may issue a FormâŻ8âK or a pressâreleaseâtype update. |
Settlement negotiations | Usually start after discovery (often 12â24âŻmonths after filing) | If a settlement is reached, the company must file a FormâŻ8âK âMaterial Definitive Agreementâ and may issue a press release. |
Trial (if no settlement) | 2âŻââŻ3âŻyears from the initial filing (average) | Trial outcomes are disclosed in a FormâŻ8âK; the final settlement or judgment will also be reflected in the âLegal Proceedingsâ paragraph of the next FormâŻ10âK or 10âQ. |
Final court order / settlement distribution | 3âŻââŻ5âŻyears from filing (if it goes to trial) | The final resolution appears in the âLegal Proceedingsâ section of the companyâs next annual or quarterly report, and a final FormâŻ8âK may be filed when the settlement is executed. |
What that means for PepâŻGen (PEPG) investors right now
- No public resolution date: The current notice does not contain an estimated timeline for the caseâs resolution or any specific future disclosure dates.
- Typical timeline: In the Unitedâstates securitiesâclassâaction context, expect 12â24âŻmonths to get through the initial discovery phase, followed by additional 12â24âŻmonths for negotiations or litigation. Most class actions are settled before reaching trial, so a settlement (and the accompanying disclosures) commonly occurs within 2â3âŻyears after the filing date.
- Where to watch for updates:
- SEC filings:
⢠FormâŻ8âK (material event) â issued as soon as the company decides to disclose a material development (e.g., settlement, dismissal, or settlement offer).
⢠FormâŻ10âK (annual report) and FormâŻ10âQ (quarterly report) â will contain a âLegal Proceedingsâ paragraph updating the status of the lawsuit. - Company press releases (often posted on the companyâs website under âInvestor Relationsâ and distributed through PRâNewswire, Business Wire, etc.).
- Court docket on PACER (Public Access to Court Electronic Records) â the official filings (complaint, motions, orders) are publicly available after filing.
- LeviâŻ&âŻKorsinsky, LLP communications â the law firm may send followâup notices (usually within 30â60âŻdays after the initial AugustâŻ8 deadline) to advise whether you qualify as a member of the class and how to proceed.
- SEC filings:
What you should do now
Contact the law firm by the deadline (if you have not already) to confirm:
- Whether you meet the classâdefinition criteria.
- The firmâs anticipated timeline for filing the complaint (often within 30â60âŻdays after the notice date).
- Whether the firm is aware of any settlement talks already underway (the press release does not indicate that a settlement is pending).
- Whether you meet the classâdefinition criteria.
Set up a monitoring schedule for PepGenâs SEC filings:
- Every quarter (by the filing date of the next FormâŻ10âQ) and every 10âK (annual).
- Immediate alerts for any FormâŻ8âK filings (they are posted within 24âŻhours of the filing date).
- Every quarter (by the filing date of the next FormâŻ10âQ) and every 10âK (annual).
Consider consulting a securitiesâlaw attorney if you want a personalized estimate of how long the litigation may take in your specific case (e.g., based on the size of the class, the complexity of the alleged misstatements, and the courtâs docket).
Bottom line
- No explicit resolution or disclosure timeline is provided in the press release.
- Based on typical securitiesâclassâaction timelines, you can expect any substantive disclosure (settlement or trial outcome) to appear in SEC filings 12â36âŻmonths after the case is filed, with the earliest possible public updates within the next few months (as the complaint is filed and the company makes its first âLegal Proceedingsâ disclosure).
Stay tuned to PepGenâs SEC filings and any communications from LeviâŻ&âŻKorsinsky for the most accurate, upâtoâdate information.