2:20cv12698 • October 2, 2020
Class Period Start
May 3, 2018
Class Period End
November 27, 2020
PSLRA Deadline
December 1, 2020
Case Allegations
10b5
Statutes of Repose
May 3, 2021
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
December 2, 2022
Settlement Fund
$12,000,000
Settlement Status
Final Approval
Settlement Class
All persons or entities that purchased or otherwise acquired the publicly traded common stock of Credit Acceptance Corporation during the period from May 4, 2018 through August 28, 2020, inclusive.
Claim Administrator
JND Legal Administration
Credit Acceptance Securities Litigation
c/o JND Legal Administration
P.O. Box 91300
Seattle, WA 98111
+1 877-654-1993
[email protected]
Settlement Website
https://www.creditacceptancesecuritiessettlement.com/Hearing Date
November 16, 2022
Opt-out Deadline
November 16, 2022
Settlement Note
Download hereProof Of Claim
Download here
Dec 12, 2022
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.
Oct 3, 2022
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.
Sep 19, 2022
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.
Aug 24, 2022
Sep 2, 2021
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.
Jul 22, 2021
A new complaint has been filed on behalf of certain investors in CREDIT ACCEPTANCE CORP. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Jun 10, 2021
May 28, 2021
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.
Oct 2, 2020
A securities fraud class action complaint has been filed on behalf of certain investors in CREDIT ACCEPTANCE CORP.
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