Hernandez v. Illinois Institute of Technology COVID Tuition Settlement
What this is about
Investors alleged Virgin Galactic made materially false or misleading statements about the readiness and timeline of its commercial spaceflight operations, inflating the price of Virgin Galactic securities.
The background
Lavin v. Virgin Galactic Holdings, Inc., Case No. 1:21-cv-03070-ARR-TAM, is pending in the U.S. District Court for the Eastern District of New York. An $8,500,000 cash settlement resolves claims by persons who purchased or otherwise acquired publicly traded shares of Virgin Galactic Holdings, Inc. (SPCE) or Social Capital Hedosophia Holdings Corp. (IPOA) common stock from July 10, 2019 through August 4, 2022, inclusive. Claim Forms must be submitted online by 11:59 p.m. on August 13, 2026 (official site virgingalacticsecuritiessettlement.com, HTTP 200; deadline corroborated via openclassactions).
Worth knowing
Lavin v. Virgin Galactic Holdings, Inc., Case No. 1:21-cv-03070-ARR-TAM, is pending in the U.S. District Court for the Eastern District of New York. An $8,500,000 cash settlement resolves claims by persons who purchased or otherwise acquired publicly traded shares of Virgin Galactic Holdings, Inc. (SPCE) or Social Capital Hedosophia Holdings Corp. (IPOA) common stock from July 10, 2019 through August 4, 2022, inclusive. Claim Forms must be submitted online by 11:59 p.m. on August 13, 2026 (official site virgingalacticsecuritiessettlement.com, HTTP 200; deadline corroborated via openclassactions).
File your claim on the official site →Common questions
How much can I get from the Hernandez v. Illinois Institute of Technology COVID Tuition Settlement?
Automatic payment — equal share of the $1,000,000 fund among ~6,200 class members (check mailed, or Venmo/Zelle/PayPal via election form)
What happened in the Hernandez v. Illinois Institute of Technology COVID Tuition Settlement case?
The suit alleges Illinois Tech is entitled to partial refunds of tuition and fees for the Spring 2020 term because the school transitioned to remote learning in March 2020 in response to the COVID-19 pandemic.
How do I actually file a claim?
Use the official claim link on this page — it goes directly to the real claims administrator or court-approved site. We never collect claim submissions ourselves and never charge a fee to help you file.
Where does this information come from?
This entry was last verified on August 10, 2026 against its primary source (the official claims administrator, court record, or government page) — linked below. We re-check it, not just copy it once.
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