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RMO.US
id: 978

Romeo Power (RMO) $14.9M Shareholder Settlement

The settlement funds have been distributed to claimants.
$14,900,000
Cash Settlement
S.D. New York
Court
1:21-cv-03362
Case number
10/05/2020
Class period Start
08/16/2021
Class period End
05/29/2024
Claim deadline
Romeo Power (RMO) agreed to settle $14.9M with shareholders and $RMO warrant holders to end claims over hiding cell battery supply sufficiency.
Case Type
US Securities Class Action
Case Status
Disbursed
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.17
Filing date
04/16/2021
Lead Plaintiff Deadline
06/15/2021
Plaintiffs
Mike Castleberg, Joshua Cante, Nathaniel Tapia, Artur Chimchirian, Van Nguyen
Attorneys
Glancy Prongay & Murray LLP
Defendants
s Lionel E. Selwood, Jr., Lauren Webb
Judge
Hon. Phillips
Administrator
EPIQ
Settlement agreement date
2023-12-08
Trades matching type
FIFO
Disbursement date
12/27/2024

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Romeo Power Inc

Romeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America. The company designs and manufac...

    Ticker
    RMO.US
    ISIN
    US7761531083
    CIK
    0001757932
    Sector
    Consumer Cyclical
    Industry
    Auto Parts
    Country
    USA
    Address
    4380 Ayers Avenue, Vernon, CA, United States, 90058