Levi & Korsinsky, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Rain Oncology Inc.

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[{"type":"text","content":"Levi & Korsinsky, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Rain Oncology Inc.\nSAN JOSE, Calif., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that the United States District Court for the Northern District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of Rain Oncology Inc. common stock (NASDAQ: RAIN): SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION TO: ALL PERSONS WHO PURCHASED RAIN ONCOLOGY INC. (“RAIN”) COMMON STOCK BETWEEN APRIL 23, 2021 AND MAY 19, 2023, INCLUSIVE. YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Northern District of California, that a hearing will be held on April 2, 2026, at 9:00 a.m. before the Honorable Edward J. Davila, United States District Court Judge, at the courthouse for the Northern District of California, either telephonically, on Zoom, and/or at 280 South First Street, San Jose, California 95113 for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration in the amount of $7,250,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the Plan of Allocation is fair and reasonable, and should be approved; (3) whether Lead Counsel’s application for an award of attorneys’ fees of up to twenty-five percent (25%) and any interest accrued thereon, and reimbursement of out-of-pocket expenses of not more than $75,000 and any interest accrued thereon, and compensatory awards for Plaintiffs of not more than $10,000 for Lead Plaintiff and $5,000 for Plaintiff Branden Schenkhuizen, all to be paid from the Settlement Fund, should be approved; and (4) whether this Action should be dismissed with prejudice against the Defendants as fully set forth in the Stipulation of Settlement dated October 21, 2025 (the “Stipulation”) filed with the Court. You are receiving this Notice because the Court has preliminarily certified a class of investors for settlement purposes only (“Class”), and you may be a member of the Class (“Class Member”). The proposed Class consists of (i) all Persons who purchased Rain common st...

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