Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

GTT Communications, Inc. (GTT) Class Action Lawsuit (January 2021)

Closed

2:21cv270 • January 12, 2021

Class Period Start

May 4, 2016

Class Period End

October 28, 2021

PSLRA Deadline

March 15, 2021

Case Allegations

10b5

Statutes of Repose

May 4, 2019

Country

United States

Court

Federal Court

Settlement Information

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

February 19, 2022

Settlement Fund

$2,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that acquired GTT Communications, Inc. (“GTT” or “Company”) publicly-traded securities during the period from May 5, 2016 through July 30, 2021, both dates inclusive.

Claim Administrator

Strategic Claims Services
GTT Communications, Inc. Securities Litigation c/o Strategic Claims Services 600 N. Jackson St., Ste. 205 P.O. Box 230 Media, PA 19063
+1 866-274-4004
[email protected]

Hearing Date

March 21, 2022

Opt-out Deadline

January 24, 2022

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jan 10, 2023

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.

Mar 21, 2022

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.

Dec 6, 2021

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.

Dec 6, 2021

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.

Nov 4, 2021

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.

Oct 29, 2021

Proposed Settlement

Aug 17, 2021

First Amended Complaint

A new complaint has been filed on behalf of certain investors in GTT Communications, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 12, 2021

Appointment of Lead Plaintiff

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.

Jan 12, 2021

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in GTT Communications, Inc..

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