RMO.US
id: 978
Romeo Power (RMO) $14.9M Shareholder Settlement
S.D. New York
Court1:21-cv-03362
Case number10/05/2020
Class period Start08/16/2021
Class period End05/29/2024
Claim deadlineRomeo Power (RMO) agreed to settle $14.9M with shareholders and $RMO warrant holders to end claims over hiding cell battery supply sufficiency.
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
0.17
Filing date
04/16/2021
Lead Plaintiff Deadline
06/15/2021
Plaintiffs
Mike Castleberg, Joshua Cante, Nathaniel Tapia, Artur Chimchirian, Van Nguyen
Attorneys
Glancy Prongay & Murray LLP
Defendants
s Lionel E. Selwood, Jr., Lauren Webb
Judge
Hon. Phillips
Administrator
EPIQ
Settlement agreement date
2023-12-08
Trades matching type
FIFO
+$14,900,000
Cash Settlement AmountFrequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How much will my payment be?
How long does the payout process take?
What is 11thestate?