11thestate11thestate

Investors Can Still File Late Claims in Katapult Settlement — Here’s How to Get Your Share

Bacaan kurang dari 1 minit

Court: S.D. New York

Case: 1:21-cv-07251

Investors can still file a late claim to receive payment from the $2.5M Katapult Holdings settlement.

What is this settlement?

Back in 2020, after merging with FinServ, Katapult faced allegations of concealing declining e-commerce sales and being unable to predict future consumer behavior.

Despite promising growth opportunities, Katapult reported an $8.1M net loss a month after the merger, causing KPLT to drop more than 56%.

Following this, Katapult was sued by shareholders and has agreed to settle the claims by paying $2.5M to investors.

What can you do to recover your losses now?

You can submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.