Oct. 22 at 12:05 PM
$GCT has agreed to a
$2.75M settlement to resolve claims that it misled investors 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 if only ~25% of eligible investors file, the effective payout could increase to approximately
$0.23.
Can I still file?
Yes — claims are currently being accepted, including late claims (claim deadline pending court 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?utm_source=stocktwits&utm_medium=referral&utm_campaign=faq&utm_content=10222025_1
