Jun. 25 at 2:44 PM
Everything you need to know about the
$13.35M
$ZEVY Settlement Payout
Q: What happened?
A: Lightning eMotors was accused of overstating its financial outlook and business prospects. In August 2021, the company reported larger-than-expected losses and withdrew its 2021 guidance, causing
$ZEVY to fall nearly 17%. Investors later sued, and the company agreed to a
$13.35 million settlement.
Q: Am I actually eligible?
A: If you bought
$ZEVY shares between 2020 and 2021, you’re likely eligible. You don’t need to hold the stock still to claim; past losses count
Q: How much will I actually get?
A: The current estimated payout is
$1.69 per share. The final amount depends on how many people file; if fewer people claim, the payout per share can actually increase for those who did
Q: When do payouts happen?
A: Typically, within 4–9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
Q: I missed the deadline. Is it too late?
A: Not necessarily. We are currently processing 'Late-but-Valid' claims. The court often accepts these as long as the fund hasn't been distributed yet.
You can check it out and file your claim: https://11th.com/cases/lightningemotors-investor-settlement