iRhythm Technologies Securities Settlement: Who Was Covered

The lawsuit alleges misleading investor statements about the Zio AT heart monitor's transmission speed, suitability for high-risk patients and accuracy. The defendants deny wrongdoing. This is a common-stock investor settlement; buying or using a heart monitor does not qualify someone.

The settlement period starts July 25, 2022, even though the earlier complaint described a longer period. Only qualifying purchases or acquisitions within the settlement period can support recovery.

File online or mail a signed claim with supporting documents by October 1, 2026; mailed claims use the postmark date. The administrator can supply a form at (866) 457-5539 or [email protected].

The online form requires uploaded records and says it sends an email with a Form ID. Keep that ID for corrections and check spam if needed. Checked September 10, 2026: https://irhythmsecuritieslitigation.com/file-a-claim-online/. The paper form says to follow up if no acknowledgment postcard arrives within 60 days.

The claim form requests opening holdings on July 25, 2022, class-period purchases, later purchases through November 8, 2024, sales through that date and closing holdings. Later transactions help calculate losses but do not extend the eligible purchase period. Send copies of genuine records, not originals.

Use separate forms for separate legal owners; all joint owners sign. Representatives must show authority. Read the form's rules for separately managed accounts and electronic bulk files. These filing details come from the official Proof of Claim and Release Form linked at https://irhythmsecuritieslitigation.com/important-documents/, checked September 10, 2026.

No. Appendix A assigns zero recognized loss to shares sold before the close on November 1, 2022. For later purchases, the investor must hold through an applicable later corrective disclosure to have a recognized loss. The formula compares purchase and sale prices with the alleged price inflation on those dates.

For shares sold August 12-November 8, 2024, the formula also uses the look-back prices in Table B. Shares still held at the November 8 close use the plan's $70.38 comparison. These are calculation inputs, not settlement checks. See Appendix A, especially paragraphs 75-77 and Tables A-B, for the complete rules.

The administrator first calculates recognized losses for documented eligible purchases. It matches sales to opening holdings and then earlier purchases first. An overall market gain produces a zero recognized claim; an overall market loss caps a larger recognized claim.

Your share of all accepted recognized claims determines your share of the net fund. An amount below $10 is not paid. The average $1.83 per eligible share assumes participation by all eligible investors and is before deductions; actual payments can be higher or lower.

Option contracts are not eligible securities. Common shares obtained by exercising options use the exercise date and price. Short sales and purchases covering them receive zero recognized loss; opening short positions are matched first.

Gifts, inheritances and legal transfers have special assignment conditions in Appendix A paragraph 81, including a qualifying original transaction, an instrument expressly transferring the claim rights and no duplicate claim. Purchases through iRhythm employee benefit plans are excluded. Report only otherwise eligible shares acquired outside those plans.

Taxes, notice and administration, approved attorneys' fees, litigation expenses and other court-approved costs reduce the fund. Counsel seeks up to 25% in fees and up to $800,000 in expenses, with up to $10,000 of those expenses for the lead plaintiff. The court decides the awards.

These deductions come from the fund. Class members are not personally billed for class counsel's work.

A signed exclusion letter must arrive by October 1, 2026 at iRhythm Securities Litigation, EXCLUSIONS, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 205, Media, PA 19063. Unlike a mailed claim, an exclusion uses receipt, not postmark.

Follow all requirements in notice paragraphs 53-55: identify yourself and the case, expressly request exclusion, and provide opening holdings and the dates, quantities and prices of class-period transactions. An accepted exclusion means no settlement payment and preserves the ability to pursue covered claims separately, subject to defenses. Filing your own lawsuit alone does not opt you out.

Remain in the class and submit a signed written objection to the court filed or postmarked by October 1, 2026. The notice permits filing in person at a Northern District of California court location or mailing the Class Action Clerk, 450 Golden Gate Avenue, San Francisco, CA 94102. Represented objectors may use ECF.

Notice paragraphs 61-63 give the complete requirements, including the case identity, your reasons and supporting transaction records. To speak, state your intent in the objection or a separate timely letter, and identify proposed witnesses and exhibits where applicable. An objection does not replace a claim form.

The hearing is scheduled for November 5, 2026 at 9:00 a.m. Pacific time by Zoom. Attendance is optional, and the court may change the schedule or format. Check the official site for access details and updates.

There is no promised payment date. Distribution waits for approval, settlement effectiveness, resolution of appeals and claims processing. Cash your check promptly if you receive one: possible later distributions depend on having cashed earlier checks and meeting the $10 threshold.

You receive no money without a timely valid claim. If you remain in the class, you are nevertheless bound by the settlement and release of the covered claims when it becomes effective.

The release concerns the alleged conduct and class-period stock acquisitions, including covered unknown claims. It excludes settlement-enforcement claims, related shareholder derivative claims and claims of accepted opt-outs. Notice paragraphs 35-38 contain the full scope.

Brokers and nominees must forward the notice and claim packet, or identify beneficial owners to the administrator, under the seven-day steps in paragraph 66. This obligation applies even if an owner is not enrolled in a broker's claim-filing service.

A notice sent by your broker is not confirmation that a claim was filed for you. Confirm who will submit it and avoid duplicate claims for the same shares.