HYRE.US

id: 1162

HyreCar (HYRE) $1.9 Million Shareholder Settlement

The process of distributing settlement funds to claimants has started.

$1,900,000

Cash Settlement

C.D. California

Court

2:21-cv-06918

Case number

05/13/2021

Class period Start

08/10/2021

Class period End

12/14/2024

Claim deadline

HyreCar (HYRE) settles $1.9 million with investors to end litigation over hiding failure to pay valid insurance claims.

Case Status

Disbursement

Alleged Offence

Misleading Statements,

Financial Misrepresentation

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

-0.92

Filing date

08/27/2021

Plaintiffs

Turton Inc., Ivan Barov

Attorneys

Glancy Prongay & Murray LLP (Los Angeles, CA)

Defendants

Robert Scott Brogi, Joseph Furnari,

Judge

Hon. Percy Anderson

Administrator

Strategic Claims Services

Settlement agreement date

2024-03-20

Court hearing date

11/14/2024

Exclusion deadline

10/24/2024

Objection deadline

10/24/2024

Hearing deadline

10/24/2024

Attorney fee

$806,833

Class wide damages

-$1

Trades matching type

FIFO

Disbursement date

03/11/2025

Frequently Asked Questions

Who is eligible for this settlement?

Do I have to sell securities to be eligible?

How much will my payment be?

How long does the payout process take?

What is 11thestate?

HyreCar Inc

HyreCar Inc. operates a car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers. The company sourcing vehicles from i...

Ticker

HYRE.US

ISIN

US44916T1079

CIK

0001713832

Sector

Industrials

Industry

Passenger Transportation Services

Country

USA

Address

915 Wilshire Boulevard, Los Angeles, CA, United States, 90017