On March 3, 2022, Judge Haywood S. Gilliam, Jr. granted the motion for final approval of the settlement in the case captioned In re Aqua Metals, Inc. Securities Litigation, No. 4:17-cv-07142 (N.D. Cal.). A copy of the order can be viewed here.
The settlement provides for the payment of $7 million to eligible class members. Lead plaintiffs Plymouth County Group, and Denis Taillefer alleged violations of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 based on false and misleading misstatements made by the company that allegedly concealed from shareholders that its AquaRefining technology never worked during the Class Period because of significant unresolved and pervasive problems.