Sign In
BKKT.US
id: 678

Bakkt Holdings (BKKT) $3M Investor Settlement

The process of distributing settlement funds to claimants has started.
$3,000,000
Cash Settlement
E.D. New York
Court
1:22-cv-02283
Case number
03/31/2021
Class period Start
11/19/2021
Class period End
01/09/2024
Claim deadline
Bakkt 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
  1. DURING THE PERIOD FROM MARCH 31, 2021 THROUGH NOVEMBER 19, 2021, BOTH DATES INCLUSIVE, OR
  2. 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

Bakkt Holdings Inc

Bakkt Holdings, Inc. offers software as a service and application programming interface solutions for crypto trading capabilities and loyalty for clients and customers. The company operates Bakkt C...

    Ticker
    BKKT.US
    ISIN
    US05759B1070
    CIK
    0001820302
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    10000 Avalon Boulevard, Alpharetta, GA, United States, 30009