# ILLUMINA, INC. (ILMN) — litigation/settled [completed]
Source: SEC API (secapi.ai) · situation sit_a157bd153aaa822e28c0 · retrieved 2026-08-12T06:58:53.770Z

## Overview
Illumina, Inc. is a life sciences company that develops and manufactures DNA sequencing and array-based analysis systems for genetic research, diagnostics, and clinical applications.

Illumina, Inc. settled shareholder litigation challenging its 2021 acquisition of GRAIL, Inc. for approximately $8 billion. Under a Release Agreement effective August 21, 2025, plaintiffs Icahn Partners LP, Icahn Partners Master Fund LP, and Matsumura Fishworks LLC exchanged mutual releases with defendants (nine current and former board members) with no payment by any party. The action will be dismissed with prejudice as to the plaintiffs only and without prejudice to other Illumina stockholders, including plaintiffs in three related derivative actions. The Court will hold a dismissal hearing on November 2, 2026, at 1:30 p.m. ET to approve the proposed dismissal.

## Terms
- Counterparty: Icahn Partners LP, Icahn Partners Master Fund LP, Matsumura Fishworks LLC

## Key dates
- Expected close 2026-11-02 · Completed 2025-08-21

## Timeline
- 2026-08-07 · 8-K (0001110803-26-000168): 8-K - ILLUMINA, INC. — *Illumina, Inc. is a life sciences company that develops and manufactures DNA sequencing and array-based analysis systems for genetic research, diagnostics, and clinical applications.* Illumina, Inc. settled shareholder litigation challenging its 2021 acquisition of GRAIL, Inc. for approximately $8 billion. Under a Release Agreement effective August 21, 2025, plaintiffs Icahn Partners LP, Icahn Partners Master Fund LP, and Matsumura Fishworks LLC exchanged mutual releases with defendants (nine current and former board members) with no payment by any party. The action will be dismissed with prejudice as to the plaintiffs only and without prejudice to other Illumina stockholders, including plaintiffs in three related derivative actions. The Court will hold a dismissal hearing on November 2, 2026, at 1:30 p.m. ET to approve the proposed dismissal.
  https://www.sec.gov/Archives/edgar/data/1110803/0001110803-26-000168.txt

## Citations
- 0001110803-26-000168 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000111080326000168