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AVPT.US
id: 1739

Apex Technology Acquisition now AvePoint ($AVPT) $14.4M Investor Settlement

Late claims are being considered for compensation, subject to approval.
$14,400,000
Cash Settlement
Delaware court of Chancery
Court
2024-0094-LWW
Case number
06/27/2021
Class period Start
02/01/2024
Class period End
07/29/2025
Claim deadline
Apex Technology Acquisition now AvePoint ($AVPT) has agreed to a $14.4 million settlement to resolve claims that shareholders were misled in connection with the company’s 2021 de-SPAC merger and denied a fully informed opportunity to redeem their shares.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements
Breach of Fiduciary duty
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.1
Plaintiffs
Dean William Drulias; Michael Farzad
Attorneys
Robbins Geller Rudman & Dowd LLP
Defendants
Jeff Epstein ; Brad Koenig ; David Chao ; Peter Bell ; Donna Wells ; Alex Vieux ; Steven Fletcher
Administrator
Gilardi & Co LLC
Court hearing date
07/10/2025
Objection deadline
06/26/2025
Attorney fee
$2,880,000
Trades matching type
FIFO

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