BKKT.US
id: 678
Bakkt Holdings (BKKT) $3M Investor Settlement
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
E.D. New York
Court1:22-cv-02283
Case number31 Mar 2021
Class period Start19 Nov 2021
Class period End09 Jan 2024
Claim deadlineBakkt 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
- DURING THE PERIOD FROM MARCH 31, 2021 THROUGH NOVEMBER 19, 2021, BOTH DATES INCLUSIVE, OR
- 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