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ALF.US
id: 795

Alfi (ALF) $1.7M Shareholder Settlement

S.D. Florida
Court
1:21-cv-24232
Case number
05/04/2021
Class period Start
03/11/2022
Class period End
03/29/2024
Claim deadline
Alfi (ALF) agreed to settle $1.725 million with investors on allegations over false and misleading Registration Statements for the IPO about Alfi’s financial results, and internal controls.


Case Status
Disbursement
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.19
Filing date
12/02/2021
Plaintiffs
Candido Rodriguez, John K. Allen on behalf of the Joseph M. Driscoll Trust
Attorneys
Glancy Prongay & Murray LLP
Defendants
Paul Antonio Pereira, Dennis McIntosh, John M. Cook, II, Peter Bordes, Jim Lee, Justin Elkouri, Allison Ficken, Frank Smith
Judge
Hon. Kathleen M. Williams
Administrator
Strategic Claims Services
Settlement agreement date
2023-07-20
Court hearing date
03/05/2024
Exclusion deadline
02/13/2024
Objection deadline
02/13/2024
Hearing deadline
02/13/2024
Trades matching type
FIFO
+$1,725,000
Cash Settlement Amount

Alfi Inc

Alfi, Inc. provides Software as a Service (SaaS) solution for the digital out of home (DOOH) smart advertising segment in the United States. It offers Alfi, an artificial intelligence (AI) SaaS pla...

    Ticker
    ALF.US
    ISIN
    US00161P1093
    CIK
    3153
    Sector
    Technology
    Industry
    Software & IT Services
    Country
    USA
    Address
    429 Lenox Avenue, Miami Beach, FL, United States, 33139