1:22cv8228 • September 26, 2022
Class Period Start
March 17, 2021
Class Period End
August 11, 2022
PSLRA Deadline
November 28, 2022
Case Allegations
10b5
Statutes of Repose
Mar 17, 2024
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
July 9, 2024
Settlement Fund
$9,000,000
Settlement Status
Disbursed
Settlement Class
All persons and entities that purchased or otherwise acquired shares of Olo’s Class A common stock between March 17, 2021 and August 11, 2022, inclusive, and who were damaged thereby.
Claim Administrator
Kroll Settlement Administration
Olo Inc. Securities Litigation
c/o Kroll Settlement Administration
PO Box 5324
New York, NY 10150-5324
+1 833-462-3513
[email protected]
Settlement Website
https://www.olosecuritieslitigation.com/Hearing Date
June 10, 2024
Opt-out Deadline
May 20, 2024
Settlement Note
Download hereProof Of Claim
Download here
Mar 19, 2025
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.
Jun 11, 2024
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.
May 6, 2024
Motion for Final Approval of Settlement
The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.
Feb 20, 2024
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.
Feb 20, 2024
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.
Jan 16, 2024
Dec 1, 2023
The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).
Oct 6, 2023
Motion for Class Certification
The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.
Sep 26, 2023
Motion to Dismiss Denied in Part
The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.
Aug 24, 2023
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.
Aug 9, 2023
A new complaint has been filed on behalf of certain investors in Olo Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Jun 5, 2023
Motion for Class Certification
The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.
Apr 10, 2023
The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.
Feb 3, 2023
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.
Jan 13, 2023
A new complaint has been filed on behalf of certain investors in Olo Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Dec 21, 2022
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.
Sep 26, 2022
A securities fraud class action complaint has been filed on behalf of certain investors in Olo Inc..
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