Aug. 1 at 11:13 AM
$CNL agreed to a
$37 million settlement for shareholders who voted against, abstained from voting, or did not vote for the proposed merger deal in 2015.
Who’s eligible?
Shareholders who voted against, abstained from voting, or did not vote for the proposed merger deal between January 1, 2005, and January 13, 2015.
Do I need to sell my shares to qualify?
No — you're eligible if you were a shareholder during that period, regardless of whether you sold or still hold your shares.
How much is the payout?
The payout per share is not yet determined as the settlement terms are still being finalized.
Can I still file?
Yes — late claims are being considered, pending court approval.
When do payouts happen?
Usually 8–12 months after the court grants final approval.
To file your claim: https://11th.com/cases/cleco-shareholder-settlement?utm_source=stocktwits&utm_medium=referral&utm_campaign=dailyposts&utm_content=08012025_1
