What is the expected timeline for the investigation and potential settlement, if any?

The filing does not include a specific calendar for either the investigative phase or any eventual settlement, which is typical for class‑action suits of this nature. In practice, a securities‑fraud inquiry by a firm such as Rosen will usually require a period of “discovery” – collection of corporate documents, emails and witness statements – that can run from a few weeks to several months, depending on the volume of material and the speed of the company’s response. If the investigation moves forward to a formal complaint, the case will then enter the federal court docket, where a settlement (or a trial) often takes anywhere from 12 to 18 months to resolve, though some matters are settled earlier if the parties reach an agreement during early “pre‑trial” negotiations.

From a trading perspective, the lack of a concrete timetable adds an element of uncertainty that can keep TLX’s share price volatile. Short‑term traders should watch for any new filings (e.g., a formal complaint, a “no‑action” letter, or a settlement announcement) as catalysts; until then, the stock may trade on a risk‑off bias given the –70 sentiment attached to the news. Longer‑term investors might consider trimming exposure or hedging with options (e.g., buying protective puts) until the litigation timeline becomes clearer, while also monitoring TLX’s underlying fundamentals – cash runway, pipeline progress, and any earnings releases – to gauge whether the potential legal exposure materially outweighs the company’s growth prospects.