---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-038605"
form_type: "8-K"
ticker: "FLNA"
cik: "0001069530"
company_name: "FILANA THERAPEUTICS, INC."
filed_at: "2025-12-23T23:59:59+00:00"
generated_at: "2026-05-16T12:13:17.047054+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cassava Sciences settles securities class action for $31.25M

## Summary
- Company to pay $31.25M into escrow in January 2026 to settle consolidated securities class action.
- Settlement covers claims from September 14, 2020 to October 12, 2023; releases all named defendants.
- Company had previously recorded a $31.25M loss contingency in Q2 2025 for this litigation.
- Settlement is not an admission of fault; formal stipulation to be filed for court approval.

## SEC filing metadata
- accession: 0001437749-25-038605
- form_type: 8-K
- ticker: FLNA
- cik: 0001069530
- company_name: FILANA THERAPEUTICS, INC.
- filed_at: 2025-12-23T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069530/000143774925038605/0001437749-25-038605-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069530/000143774925038605/sava20251222_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-038605
- JSON: https://secwatch.observer/filing/0001437749-25-038605.json
- Plain text: https://secwatch.observer/filing/0001437749-25-038605.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.