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ML.US
id: 1698
MoneyLion Holdings ($ML) $12.75M Investor Settlement
Late claims are being considered for compensation, subject to approval.
$12,750,000
Cash SettlementDelaware court of Chancery
Court2024‑0329‑NAC
Case number09/17/2021
Class period Start03/28/2024
Class period End09/02/2025
Claim deadlineMoneyLion Holdings has agreed to settle $12.75 million with investors to resolve claims that it misled the market about its financial condition, growth prospects, and internal controls following its SPAC merger.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.1
Plaintiffs
Kyle Martel; Joe Bryant
Attorneys
Robbins Geller Rudman & Dowd LLP
Defendants
John James; Jeffrey Gary; Jim Ross; Kelly Driscoll; Ben Buettell; Diwakar Choubey
Administrator
A.B. Data Ltd
Court hearing date
07/09/2025
Objection deadline
07/09/2025
Attorney fee
$2,600,000
Trades matching type
FIFO
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