Reata Securities Litigation

The Court-appointed Lead Plaintiff, UMC Benefit Board, Inc., US Equity Fund-P Series, a series of the Wespath Funds Trust, US Equity Index Fund-P Series, a series of the Wespath Funds Trust, Wespath Institutional Investments LLC, US Equity Fund-I Series, a series of Wespath Funds Trust, and US Equity Index Fund-I Series, a series of the Wespath Funds Trust (“Wespath” or “Lead Plaintiff”), on behalf of itself and the Settlement Class (defined below), has reached a settlement with defendant Reata Pharmaceuticals, Inc. (“Reata” or the “Company”), the Individual Defendants (as defined in the Stipulation of Settlement (“Stipulation”)), and the Underwriter Defendants (as defined in the Stipulation) (collectively the “Defendants”) for $45,000,000 in cash that will resolve all claims in the Action (the “Settlement”).

If you are a member of the Settlement Class, your rights will be affected, and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

All persons or entities who purchased or otherwise acquired the publicly traded common stock of Reata between November 14, 2016 and December 8, 2021, inclusive (the “Settlement Class Period”), including all persons or entities who purchased or otherwise acquired Reata common stock pursuant and/or traceable to Reata’s 2019 Offering and/or 2020 Offering (the “Offerings Subclass”).

If you are a member of the Settlement Class, to be potentially eligible to receive a payment under the Settlement, you must have submitted a Claim Form no later than April 24, 2024. On March 29, 2024, the Court approved the Settlement and Plan of Allocation. Payments to Authorized Claimants will be made after the completion of all claims processing.

Please read the Notice to fully understand your rights and options. The Frequently Asked Questions page of this website has more information on your rights as a member of the Settlement Class.

Your Legal Rights and Options in This Action

Submit a Claim Form	A Proof of Claim and Release Form must have been postmarked or electronically submitted no later than April 24, 2024.
Objection	The deadline to file an Objection with the Court passed on March 8, 2024.
Exclude Yourself	The deadline to exclude yourself passed on March 8, 2024.
Attend the Settlement Hearing	The Settlement Hearing was held on March 29, 2024 at 9:00 a.m.
Do Nothing	If you are a member of the Settlement Class and you did not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You remain, however, a member of the Settlement Class, which means that you gave up your right to sue about the claims that are resolved by the Settlement, and you will be bound by any judgments or orders entered by the Court in the Action.