TRIRF.US
id: 248
Late claims are being considered for compensation, subject to approval.
S.D. New York
Court06/29/2020
Class period Start01/14/2021
Class period End09/01/2022
Claim deadlineErlandson 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.
Case Status
Accepting Late Claims
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Erlandson, Raffaelle Ferraiori
Attorneys
Robbins Geller Rudman & Dowd LLP
Administrator
Gilardi & Co LLC
Court hearing date
09/06/2022
Trades matching type
FIFO
+$9,000,000
Cash Settlement Amount