Securities fraud litigation history and active cases
In Litigation
1
Settlement
0
Closed
1
Total Settlement
$3M
1:25cv2520 • April 2, 2025
Class Period Start
March 25, 2024
Class Period End
March 17, 2025
PSLRA Deadline
June 2, 2025
Case Allegations
10b5
Statutes of Repose
Mar 25, 2027
Country
United States
Court
Federal Court
Sep 17, 2026
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
Nov 14, 2025
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Sep 15, 2025
A new complaint has been filed on behalf of certain investors in Bakkt, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Jul 17, 2025
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Apr 2, 2025
A securities fraud class action complaint has been filed on behalf of certain investors in Bakkt, Inc..
1:22cv2283 • April 21, 2022
Class Period Start
March 31, 2021
Class Period End
April 20, 2022
PSLRA Deadline
June 20, 2022
Case Allegations
10b5 + Sec11
10b-5 Statutes of Repose
Mar 31, 2024
Sec11 Statutes of Repose
Sep 23, 2023
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
January 9, 2024
Settlement Fund
$3,000,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired the publicly traded common stock of Bakkt Holdings, Inc. (“Bakkt”) f/k/a VPC Impact Acquisition Holdings (“VIH”) or warrants issued by VIH and/or Bakkt to purchase shares of common stock of VIH and/or Bakkt, respectively, including shares or warrants registered by the Registration Statement on Form S-1 filed by VIH with the U.S. Securities Exchange Commission on March 31, 2021 and declared effective (as amended) as of September 17, 2021 (“Bakkt Securities”) during the period of time from March 31, 2021 through November 19, 2021, both dates inclusive.
Claim Administrator
A.B. Data, Ltd.
Bakkt Securities Settlement
c/o A.B. Data, Ltd.
P.O. Box 173027
Milwaukee, WI 53217
+1 877-390-3468
[email protected]
Settlement Website
https://www.bakktsecuritiessettlement.com/Hearing Date
February 27, 2024
Opt-out Deadline
February 6, 2024
Settlement Note
Download hereProof Of Claim
Download here
Feb 19, 2025
Disbursement Approved
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Apr 16, 2024
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Sep 21, 2023
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
Sep 21, 2023
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Apr 17, 2023
Proposed Settlement
TOP
