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BRY.US

id: 830

Berry Corp (BRY) $2.5M IPO Settlement

The settlement funds have been distributed to claimants.

$2,500,000

Cash Settlement

N.D. Texas

Court

3:20-cv-03464

Case number

07/26/2018

Class period Start

11/03/2020

Class period End

03/15/2024

Claim deadline

Berry Corp. pays $2.5 million to investors to end the lawsuit alleging that the $BRY hid financial losses prior to its IPO in 2018.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management,

Investment Bank,

Service Provider

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.07

Filing date

11/20/2020

Plaintiffs

Luis Torres, Allia DeAngelis, Darrick Inman

Attorneys

Pomerantz LLP, The Rosen Law Firm, P.A.

Defendants

Arthur T. Smith, Cary Baetz, Gary A. Grove, Brent S. Buckley, Kaj Vazales, Eugene J. Voiland

Judge

Hon. Karen G. Scholer

Administrator

A.B. Data Ltd

Settlement agreement date

2023-09-18

Court hearing date

02/06/2024

Exclusion deadline

01/07/2024

Objection deadline

01/07/2024

Hearing deadline

01/07/2024

Trades matching type

FIFO

Disbursement date

09/20/2024

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