CLOV.US
id: 686
Clover Health Investments (CLOV) $22M Investor Settlement
The process of distributing settlement funds to claimants has started.
$22,000,000
Cash SettlementM.D. Tennessee
Court3:21-cv-00096
Case number10/06/2020
Class period Start02/03/2021
Class period End10/09/2023
Claim deadlineClover Health Investments settles $22 million with Investors to end claims over concealing DOJ investigation $CLOV faced in the lead-up to its go-public merger with a SPAC.
Case Status
Disbursement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.22
Filing date
02/05/2021
Plaintiffs
Firas Jabri, Jean-Nicolas Tremblay
Attorneys
Bramlett Law Offices (Nashville, TN), Pomerantz LLP (New York, NY), The Schall Law Firm (Los Angeles, CA)
Defendants
Vivek Garipalli, Andrew Toy, Joseph Wagner, Chamath Palihapitiya
Judge
Hon. Aleta A. Trauger
Administrator
JND Legal Administration
Settlement agreement date
2023-05-25
Court hearing date
10/02/2023
Exclusion deadline
09/11/2023
Objection deadline
09/11/2023
Hearing deadline
09/11/2023
Trades matching type
FIFO