Feb. 12 at 8:41 PM
$GCT has agreed to settle with investors over claims that it misled them about the authenticity of its marketplace revenues and the use of artificial intelligence in its operations.
Who’s eligible?
Anyone who purchased
$GCT shares between August 18, 2022 and September 27, 2023.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.0573 — but normally only ~25% of eligible investors file, the effective payout could increase to
$0.2292.
Can I still file?
Yes — late claims are currently being considered for compensation, subject to approval.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/gigacloud-investor-lawsuit
