SONG.US
id: 271, Created by Stan Vick, Scout
Akazoo S.A.
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- Company agreed to pay compensation to its investors, to avoid further litigation
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Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
E.D. New York
Court24 Jan 2019
Class period Start21 May 2020
Class period End07 Oct 2022
Claim deadlineSoe v. Akazoo S.A. and Apostolos N. Zervos. Crowe.
"The Action involves allegations that Settling Defendant violated certain federal securities laws (i.e., Section 10(b) of the Exchange Act, and Rule 10b-5 promulgated thereunder, as well as Section 11 of the Securities Act) for
its auditing work related to Akazoo. The complaint in the Action alleges that once true facts were disclosed, Akazoo’s share price fell. Settling Defendant has denied and continues to deny each, any, and all allegations of
wrongdoing, fault, liability, or damage whatsoever asserted in the Action."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Tim Caldwell, Sharon Caldwell, Nikolaos Poulakis, John Pullen, Eva Pareja, Greg Sweet
Attorney
The Rosen Law Firm, P.A.
Judge
Hon. Brian M. Cogan
Administrator
Strategic Claims Services
Court hearing date
28 September 2022
+$1,610,000
Total Settlement Amount