Apr. 16 at 1:41 PM
$LTCH has agreed to settle
$1.95M with investors to resolve claims that it misreported hardware sales, leading to inaccurate revenue and restated financial results: https://11th.com/cases/latch-investor-settlement
FAQ for the settlement:
Do I need to sell or lose my shares to get this settlement?
No, you're eligible if you purchased during the class period.
How much money do I get per share?
The estimated payout is
$0.03 per share, but the final amount may be higher if fewer shareholders submit claims.
Who can claim this settlement?
Anyone who purchased or otherwise acquired
$LTCH common stock between June 7, 2021, and October 30, 2023, inclusive.
How long does the payout process take?
Depending on the court and settlement administrator, the process typically takes 8 to 12 months after the claim deadline.
To file a claim: https://11th.com/cases/latch-investor-settlement