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

SAExploration Holdings, Inc. (SAEX) Class Action Lawsuit (August 2019)

Closed

4:19cv3089 • August 18, 2019

Class Period Start

March 15, 2016

Class Period End

February 7, 2020

PSLRA Deadline

October 17, 2019

Case Allegations

10b5

Statutes of Repose

Mar 15, 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

June 24, 2021

Settlement Fund

$3,550,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased Common Stock of SAExploration Holdings, Inc. (“SAExploration” or the “Company”) during the period from March 15, 2016 through February 7, 2020, both dates inclusive

Claim Administrator

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

Hearing Date

August 12, 2021

Opt-out Deadline

June 24, 2021

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Aug 5, 2022

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.

Aug 12, 2021

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.

Mar 16, 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.

Mar 15, 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.

Jul 15, 2020

First Amended Complaint

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

Feb 7, 2020

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.

Aug 18, 2019

First Filed Complaint

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

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