How much does the Novo Nordisk Securities Litigation Settlement pay?

The total settlement fund is $100M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.

Do I need proof of purchase for the Novo Nordisk Securities Litigation Settlement?

Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.

Is the Novo Nordisk Securities Litigation Settlement notice real, or a scam?

JND Legal Administration is the settlement administrator for this case. Claims are filed at novonordisksecuritieslitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.

When will payments from the Novo Nordisk Securities Litigation Settlement be sent?

Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for July 13, 2022; no payments can be issued before a settlement receives final approval.

Claims closedsecurities

Novo Nordisk Securities Litigation Settlement

Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases

This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

Novo Nordisk and three individual executives allegedly violated federal securities laws by making false and misleading statements about the company's business and financial results. The defendants deny all allegations and maintain they have valid defenses. The settlement was approved for $100 million in July 2022.

Do you qualify?

Anyone who purchased American Depositary Receipts of Novo Nordisk A/S between February 3, 2015 and February 2, 2017 (inclusive) and was damaged thereby. Excluded are Novo Nordisk, its directors, officers, immediate family members, subsidiaries, parents, affiliates, and those who submitted exclusion requests.

Who is in the class

all persons or entities who purchased the ADRs of Novo Nordisk between February 3, 2015 and February 2, 2017, inclusive, and who were damaged thereby.

Quoted from the settlement notice.

How to file

The claims administration process is now completed as of June 2023. Distributions of net settlement funds have already occurred on June 3, 2024 and July 28, 2025, with subsequent distributions on a rolling basis. Contact the Claims Administrator at 1-833-674-0167 or info@NovoNordiskSecuritiesLitigation.com for information about your eligibility and any remaining distributions.

Common questions

How much does the Novo Nordisk Securities Litigation Settlement pay?: The total settlement fund is $100M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
Do I need proof of purchase for the Novo Nordisk Securities Litigation Settlement?: Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
Is the Novo Nordisk Securities Litigation Settlement notice real, or a scam?: JND Legal Administration is the settlement administrator for this case. Claims are filed at novonordisksecuritieslitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Novo Nordisk Securities Litigation Settlement be sent?: Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for July 13, 2022; no payments can be issued before a settlement receives final approval.

Who's involved

Plaintiffs

JOSEPH R. ZALESKI, JR.(Consolidated Plaintiff)
DON ZUK(Consolidated Plaintiff)
LEHIGH COUNTY EMPLOYEES' RETIREMENT SYSTEM
NOVO NORDISK A/S

Defendants

PricewaterhouseCoopers LLP(Respondent)
JACOB RIIS
JESPER BRANDGAARD
LARS REBIEN SORENSEN

Counsel for plaintiffs

Counsel for defendants

KEVIN M. MCDONOUGH LATHAM & WATKINS LLP

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

In the news

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New to class actions?

This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

Settlement fund: $100M
Proof required: Yes
Class period: February 3, 2015 – February 2, 2017
Final hearing: July 13, 2022
Case: In re Novo Nordisk Securities Litigation
Case number: 3:17-cv-209-ZNQ-LHG
Court: U.S. District Court, District of New Jersey
Administrator: JND Legal Administration
Administrator phone: 1 (833) 674-0167

Official settlement website →

Case status & court docket

Federal court in New JerseyMore from New Jersey

U.S. District Court, District of New Jersey

Case terminated July 25, 2022

March 21, 2024
Distribution to class
ORDER approving distribution plan. Signed by Judge Zahid N. Quraishi on 3/21/2024. (kht) (Entered: 03/21/2024)
November 27, 2023
Distribution to class
RESPONSE in Support filed by Boston Retirement System, Oklahoma Firefighters Pension and Retirement System, CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND, Employees Pension Plan of the City of Clearwater, LEHIGH COUNTY EMPLOYEES' RETIREMENT SYSTEM re 366 MOTION Corrected Memo of Law to
November 8, 2023
Distribution to class
DECLARATION of Luiggy Segura (Supplemental) re 366 MOTION Corrected Memo of Law to Lead Plaintiffs' Motion for Approval of Distribution Plan re 365 MOTION Lead Plaintiffs' Motion for Approval of Distribution Plan re 363 Order And Judgment Approving Class Action Settlement, 365 MOTION Lead Plaintiffs
November 1, 2023
Distribution to class
Set Deadlines as to 366 MOTION Corrected Memo of Law to Lead Plaintiffs' Motion for Approval of Distribution Plan re 365 MOTION Lead Plaintiffs' Motion for Approval of Distribution Plan re 363 Order And Judgment Approving Class Action Settlement. Motion set for 12/4/2023 before Judge Zahid N. Qurais
October 31, 2023
Distribution to class
MOTION Corrected Memo of Law to Lead Plaintiffs' Motion for Approval of Distribution Plan re 365 MOTION Lead Plaintiffs' Motion for Approval of Distribution Plan re 363 Order And Judgment Approving Class Action Settlement by Boston Retirement System, Oklahoma Firefighters Pension and Retirement Syst
October 30, 2023
Distribution to class
MOTION Lead Plaintiffs' Motion for Approval of Distribution Plan re 363 Order And Judgment Approving Class Action Settlement by Boston Retirement System, Oklahoma Firefighters Pension and Retirement System, CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND, Employees Pension Plan of the Cit

View the full court docket on CourtListener →

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