RMO.US
id: 978
Romeo Power (RMO) $14.9M Shareholder Settlement
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
S.D. New York
Court1:21-cv-03362
Case number05 Oct 2020
Class period Start16 Aug 2021
Class period End29 May 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
Accepting Late Claims
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
16 April 2021
Lead Plaintiff Deadline
15 June 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 Amount