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BKKT.US

id: 678

Bakkt Holdings (BKKT) $3M Investor Settlement

The settlement funds have been distributed to claimants.

$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 
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 Type

US Securities Class Action

Case Status

Disbursed

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

04/08/2025

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