BKKT.US
id: 678
Bakkt Holdings (BKKT) $3M Investor Settlement
The process of distributing settlement funds to claimants has started.
$3,000,000
Cash SettlementE.D. New York
Court1:22-cv-02283
Case number03/31/2021
Class period Start11/19/2021
Class period End01/09/2024
Claim deadlineBakkt Holdings Inc. (BKKT) settles $3M with Investors to end the claims over negligence in VPC Impact Acquisition Holdings SPAC business combination and linked offering.
ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED PUBLICLY TRADED BAKKT SECURITIES
- DURING THE PERIOD FROM MARCH 31, 2021 THROUGH NOVEMBER 19, 2021, BOTH DATES INCLUSIVE, OR
- PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT, AND WERE ALLEGEDLY DAMAGED THEREBY,
MAYBE ENTITLED TO PAYOUT.
Case Status
Disbursement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Other
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.065
Filing date
04/21/2022
Lead Plaintiff Deadline
06/20/2022
Plaintiffs
Rachna Mehrotra, Tse Winston Wing Kuen, James Liner
Attorneys
Beijing Hao Junbo Law Firm (Beijing), Levi & Korsinsky, LLP (New York, NY), Pomerantz LLP (New York, NY)
Defendants
Olibia Stamatoglou, Gordon Watson, Kai Schmitz, Kurt Summers
Judge
Eric R. Komitee
Administrator
A.B. Data Ltd
Settlement agreement date
2023-04-17
Court hearing date
02/27/2024
Exclusion deadline
02/06/2024
Objection deadline
02/06/2024
Hearing deadline
02/06/2024
Trades matching type
FIFO
Disbursement date
02/19/2025