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S.D. New York
Court
07 Nov 2018
Class period Start
15 Feb 2019
Class period End
27 Sept 2022
Claim deadline
Walleye Trading LLC v. Mindbody Inc., Richard L. Stollmeyer, and Brett White.
"In 2018, Mindbody made two acquisitions that expanded the number of businesses served by Mindbody and expanded the services that Mindbody could provide. The SAC alleges that defendants Mindbody, Richard L. Stollmeyer, Brett White, and Eric Liaw made materially false and misleading statements and/or omissions in connection with Mindbody’s acquisition by Vista (the “Merger”) and in connection with Mindbody’s Fourth Quarter 2018 revenue guidance. Co-Lead Plaintiffs further allege that the price of Mindbody publicy traded Class A common stock was artificially deflated during the Class Period as a result of Defendants’ allegedly material misrepresentations and omissions."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Short
Plaintiffs
Walleye Trading LLC, Walleye Opportunities Master Fund Ltd.
Attorneys
Labaton Sucharow LLP
Judge
Hon. Valerie E. Caproni
Administrator
Strategic Claims Services
Court hearing date
27 October 2022
+$9,750,000
Total Settlement Amount
Created by Stan Vick, Scout

Mindbody Inc

MINDBODY, Inc. operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses...

    Ticker
    MB.US
    ISIN
    US60255W1053
    CIK
    1458962
    Sector
    Other
    Industry
    Other
    Country
    USA
    Address
    4051 Broad Street, Suite 220 93401,San Luis Obispo,USA