SDIG.US
id: 1388
Stronghold Digital Mining (SDIG) $4.75M and 25 Bitcoins Settlement
The settlement terms have been submitted to the court for approval.
S.D. New York
Court 1:22-cv-03088
Case number10/19/2021
Class period Start04/14/2022
Class period EndStronghold Digital Mining agreed to pay $4.75M and 25 Bitcoins to settle claims that it misled $SDIG investors about supplier delays, equipment shortages, and mining growth risks.
Case Status
Stipulative Settlement
Alleged Offence
Misleading Statements,
Financial Misrepresentation
Suspected Party
Management,
Investment Bank
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.35
Filing date
04/14/2022
Plaintiffs
Mark Winter
Attorneys
The Rosen Law Firm, P.A.; Levi & Korsinsky, LLP
Defendants
Gregory A. Beard; Ricardo R. A. Larroude; William B. Spence
Judge
Ronnie Abrams
Administrator
Strategic Claims Services
Attorney fee
$1,783,175
Class wide damages
$108,896,064
Trades matching type
FIFO
+$4,750,000
Cash Settlement Amount