id: 248, Created by Iaroslav Semashko, Scout
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S.D. New YorkCourt
29 Jun 2020Class period Start
14 Jan 2021Class period End
01 Sept 2022Claim deadline
Erlandson v. Triterras, Inc., et al. In general, Plaintiffs allege that Defendants failed to disclose or otherwise misrepresented information about several subjects: (i) relationships between insiders at Defendant Netfin Acquisition Corporation ("Netfin") and Defendant Triterras Fintech Pte. Ltd. ("Fintech") and the employment history of certain executives, some of whom occupied management-level positions at Triterras; (ii) the way in which Netfin’s acquisition of Fintech arose in the series of transactions which resulted in Triterras’s formation; (iii) related-party Rhodium Resources Pte. Ltd.'s ("Rhodium") financial condition and implications for Triterras’s business; (iv) the users of Fintech’s trading platform; and (v) the state of the commodities trade financing industry. The Complaint alleges that investors suffered losses under the Securities Act and the Exchange Act when the trading price of Triterras securities declined after the December 17, 2020 disclosure on Rhodium and the publication of reports on December 17, 2020 and January 14, 2021 about insider relationships, alleged related-party transactions, and other information.
Erlandson, Raffaelle Ferraiori
Robbins Geller Rudman & Dowd LLP
Gilardi & Co LLC
Court hearing date
06 September 2022
+$9,000,000Total Settlement Amount