SeaStar Medical Holding Corporation disclosed the dismissal with prejudice of a putative class action securities lawsuit filed by stockholder Forrest A K Wells on April 27, 2026.
Key takeaways
Forrest A K Wells filed putative class action on July 5, 2024 in U.S. District Court for District of Colorado (Case No. 1:24-cv-0187).
Lawsuit alleged material misstatements by company, CEO, and former CFO regarding business and operations, tied to March 27, 2024 financial restatement.
Claims asserted under Section 10(b), Rule 10b-5, and Section 20(a) of Securities Exchange Act of 1934, seeking compensatory damages.
Parties filed Stipulation and Proposed Order of Dismissal with Prejudice on April 21, 2026.
Court ordered dismissal with prejudice on April 27, 2026, resolving the case permanently.