LifeStance Securities Settlement

The purpose of this website is to advise members of the Class of the Settlement of the Action entitled Nayani v. LifeStance Health Group, Inc., et al., No. 1:22-cv-06833-JSR (S.D.N.Y.) (the “Settlement”), now pending in the United States District Court, Southern District of New York.


***IMPORTANT CASE UPDATE***

On August 30, 2024, settlement checks were mailed to all Authorized Claimants. Please contact the Claims Administrator with any questions regarding your payment or claim.

The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees and Expenses (the “Notice” ), which you can access by clicking here . Since this website is just a summary, you should review the Notice for additional information.


If you are a Class Member, your legal rights will be affected by this Settlement whether you act or do not act.

Please read the Notice carefully.

If you purchased or otherwise acquired LifeStance Health Group, Inc. (“LifeStance” or the “Company”) common stock pursuant and/or traceable to LifeStance’s June 10, 2021 initial public offering (“IPO”) and no later than November 8, 2021, you may be entitled to a payment from a class action settlement.

YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT
SUBMIT A CLAIM FORM BY JANUARY 17, 2024 The only way to get a payment. See Question 8 of the Notice for details.
EXCLUDE YOURSELF FROM THE CLASS BY JANUARY 3, 2024 The deadline to exclude yourself from the Class has passed.
OBJECT BY JANUARY 3, 2024 The deadline to object to the terms of the Settlement has passed.
PARTICIPATE IN A HEARING ON JANUARY 24, 2024 AND FILE A NOTICE OF INTENTION TO APPEAR BY JANUARY 3, 2024 On January 24, 2024 the Court held a Settlement Hearing and granted Plaintiff’s Motion for Final Approval of the Settlement, Lead Counsel’s Motion for an Award of Attorneys’ Fees and Expenses and an Award to Lead Plaintiff, and approved the Plan of Allocation. The relevant orders can be found in the Court Documents page of this website.
DO NOTHING Get no payment. Give up rights. Still be bound by the terms of the Settlement.

How do I know if I am part of the Class?
The Court has directed that everyone who fits the following description is a member of the Class and subject to the Settlement unless they are an excluded person (see Question 3 of the Notice for details) or take steps to exclude themselves from the Class (see Question 10 of the Notice for details):

All Persons who or which purchased LifeStance common stock in and/or traceable to LifeStance’s June 10, 2021 IPO and no later than November 8, 2021.
The Settlement Hearing
On January 24, 2024 the Court held a Settlement Hearing to determine whether: (i) the Settlement is fair, reasonable, adequate, and should be approved; (ii) the Plan of Allocation is fair and reasonable and should be approved; and (iii) the application of Lead Counsel for an award of attorneys’ fees and payment of Litigation Expenses is reasonable and should be approved. The Court has since granted Plaintiff’s Motion for Final Approval of the Settlement, Lead Counsel’s Motion for an Award of Attorneys’ Fees and Expenses and an Award to Lead Plaintiff, and approved the Plan of Allocation. The relevant orders can be found in the Court Documents page of this website.

Further Information
For more details regarding this case, please reference the documents filed in the case under the “Court Documents” section at the top of this website. You may also contact the Claims Administrator for further information regarding this case.

Claims Administrator:
LifeStance Securities Settlement
Claims Administrator
c/o A.B. Data, Ltd.
P.O. Box 173090
Milwaukee, WI 53217
info@LifeStanceSecuritiesSettlement.com

Lead Counsel:
Samuel H. Rudman
Robbins Geller Rudman & Dowd LLP
58 South Service Road, Suite 200
Melville, NY 11747
www.rgrdlaw.com
settlementinfo@rgrdlaw.com
Telephone: (800) 449-4900