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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

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