Kensington Capital Acquisition ($KCGI) $8.75M Investor Settlement
Kensington Capital Acquisition ($KCGI) has agreed to an $8.75 million settlement to resolve claims that it misled shareholders about its proposed merger with UK-based electric vehicle company Arrival.
Frequently Asked Questions
All persons who held Kensington Class A common stock as of the Redemption Deadline (November 23, 2020 at 4:30 p.m. Eastern Time), either of record or beneficially, and who were entitled to, but did not, redeem their shares, including successors, transferees, etc., but excluding excluded persons.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $1.12 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $4.48 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.