Bakkt Holdings Lawsuit Continues: Co-Lead Plaintiffs & Counsel Appointed

In April of 2022, a class action lawsuit captioned Poirer v. Bakkt Holdings, Inc., 1:22-cv-02283 was commenced against Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings alleging that the Company committed securities fraud and thereby harmed its investors. On June 21, 2022, six different investors moved the court seeking to be appointed lead plaintiff in the action.

After considering the lead plaintiff motions, The Honorable Peggy Kuo, United States Magistrate Judge in the United States District Court for the Eastern District of New York, signed an order appointing three Co-Lead Plaintiffs on August 3, 2022.

The Co-Lead Plaintiffs, Rachna Mehrotra, Tse Winston Wing Kuen, and James Liner selected Levi & Korsinsky, LLP and Pomerantz LLP as their counsel, and Judge Kuo appointed the two firms Co-Lead Counsel in the action. A copy of the order can be viewed here.