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BKKT.US
id: 678

Bakkt Holdings (BKKT) $3M Investor Settlement

E.D. New York
Court
1:22-cv-02283
Case number
31 Mar 2021
Class period Start
19 Nov 2021
Class period End
09 Jan 2024
Claim deadline
Bakkt Holdings Inc. (BKKT) settles $3M with Investors to end the claims over negligence in VPC Impact Acquisition Holdings SPAC business combination and linked offering.

ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED PUBLICLY TRADED BAKKT SECURITIES
  1. DURING THE PERIOD FROM MARCH 31, 2021 THROUGH NOVEMBER 19, 2021, BOTH DATES INCLUSIVE, OR
  2. PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT, AND WERE ALLEGEDLY DAMAGED THEREBY,
MAYBE ENTITLED TO PAYOUT.
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Other
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.065
Filing date
21 April 2022
Lead Plaintiff Deadline
20 June 2022
Plaintiffs
Rachna Mehrotra, Tse Winston Wing Kuen, James Liner
Attorneys
Beijing Hao Junbo Law Firm (Beijing), Levi & Korsinsky, LLP (New York, NY), Pomerantz LLP (New York, NY)
Defendants
Olibia Stamatoglou, Gordon Watson, Kai Schmitz, Kurt Summers
Judge
Eric R. Komitee
Administrator
A.B. Data Ltd
Settlement agreement date
2023-04-17
Court hearing date
27 February 2024
Exclusion deadline
06 February 2024
Objection deadline
06 February 2024
Hearing deadline
06 February 2024
Trades matching type
FIFO
+$3,000,000
Cash Settlement Amount

Bakkt Holdings Inc

Bakkt Holdings, Inc. offers a platform for crypto and redeeming loyalty points. The company's institutional-grade technology platform offers various solutions, such as Custody, an institutional-gra...

    Ticker
    BKKT.US
    ISIN
    US05759B1070
    CIK
    1820302
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    10000 Avalon Boulevard, Alpharetta, GA, United States, 30009