Straight Path Communications ($STRP) $12.5M Investor Settlement

The settlement funds have been distributed to claimants.

$12,500,000

Cash Settlement

Delaware court of Chancery

Court

2017-0486-SG

Case number

Straight Path Communications ($STRP) has agreed to settle $12.5 million with investors to resolve claims related to its 2018 acquisition by Verizon and the conduct of certain company insiders.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Mismanagement,

Breach of Fiduciary duty

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Plaintiffs

Ardell Howard

Attorneys

Bernstein Litowitz Berger & Grossmann LLP

Defendants

Davidi Jonas

Administrator

EPIQ

Settlement conditions

www.StraightPathCommunicationsStockholderLitigation.com

Attorney fee

$3,375,000

Trades matching type

FIFO

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