All time highs, currently sitting at 3.99% yearly dividend pay. what do you all think of this stock now? i bought at under 10 dollars (now trading above 18$) and its now oddly become a big percentage of my portfolio. I read theyve made lots of money last quarter (700mil) and theyre slowly becoming the constant big player like enbridge suncor etc, but a part of me wants to sell 30% because its no longer that heavy compounder it used to be.
Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.
What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.
A $500,000 settlement has been reached and terms are now submitted to the court for approval.
Who qualifies?
Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.
Can I still apply?
Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.
If you were damaged by this don't forget to check your eligibility. GL!