CLOV.US
id: 686
Clover Health Investments (CLOV) $22M Investor Settlement
M.D. Tennessee
Court3:21-cv-00096
Case number06 Oct 2020
Class period Start03 Feb 2021
Class period End09 Oct 2023
Claim deadlineClover Health Investments settles $22 million with Investors to end claims over concealing DOJ investigation $CLOV faced in the lead-up to its go-public merger with a SPAC.
Case Status
Disbursement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.22
Filing date
05 February 2021
Plaintiffs
Firas Jabri, Jean-Nicolas Tremblay
Attorneys
Bramlett Law Offices (Nashville, TN), Pomerantz LLP (New York, NY), The Schall Law Firm (Los Angeles, CA)
Defendants
Vivek Garipalli, Andrew Toy, Joseph Wagner, Chamath Palihapitiya
Judge
Hon. Aleta A. Trauger
Administrator
JND Legal Administration
Settlement agreement date
2023-05-25
Court hearing date
02 October 2023
Exclusion deadline
11 September 2023
Objection deadline
11 September 2023
Hearing deadline
11 September 2023
Trades matching type
FIFO
+$22,000,000
Cash Settlement Amount