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ALF.US

id: 795

Alfi (ALF) $1.7M Shareholder Settlement

The settlement funds have been distributed to claimants.

$1,725,000

Cash Settlement

S.D. Florida

Court

1:21-cv-24232

Case number

05/04/2021

Class period Start

03/11/2022

Class period End

03/29/2024

Claim deadline

Alfi (ALF) agreed to settle $1.725 million with investors on allegations over false and misleading Registration Statements for the IPO about Alfi’s financial results, and internal controls. 

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.19

Filing date

12/02/2021

Plaintiffs

Candido Rodriguez, John K. Allen on behalf of the Joseph M. Driscoll Trust

Attorneys

Glancy Prongay & Murray LLP

Defendants

Paul Antonio Pereira, Dennis McIntosh, John M. Cook, II, Peter Bordes, Jim Lee, Justin Elkouri, Allison Ficken, Frank Smith

Judge

Hon. Kathleen M. Williams

Administrator

Strategic Claims Services

Settlement agreement date

2023-07-20

Court hearing date

03/05/2024

Exclusion deadline

02/13/2024

Objection deadline

02/13/2024

Hearing deadline

02/13/2024

Trades matching type

FIFO

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