Feb. 2 at 4:02 PM
$HYW (now
$STEC) has agreed to a settlement with investors over claims tied to misleading disclosures and financial misrepresentation surrounding its March 2021 IPO.
Who’s eligible?
Investors who purchased
$HYW /
$STEC shares between March 25, 2021 and March 19, 2024.
What is this case about?
Shareholders allege Hywin made misleading statements, failed to disclose key risks, and overstated financial information in connection with its public offering.
How much is the payout?
The payout per share is
$0.33 — but normally only ~25% of eligible investors file, the effective payout could increase to
$1.32.
Can I still file?
Yes — late claims are being considered for compensation, subject to approval.
What’s the settlement amount?
Hywin agreed to pay
$1M in cash to resolve these claims.
When is the deadline?
Claims must be submitted by August 31, 2025.
To file your claim: https://11th.com/cases/hywin-investor-settlement