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

Stronghold Digital Mining, Inc. (SDIG) Class Action Lawsuit (April 2022)

Settlement

1:22cv3088 • April 14, 2022

Class Period Start

October 20, 2021

Class Period End

March 30, 2022

PSLRA Deadline

June 13, 2022

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

Oct 20, 2024

Sec11 Statutes of Repose

Oct 20, 2024

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

April 4, 2025

Settlement Fund

$6,534,300

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired Stronghold Digital Mining, Inc. (“Stronghold” or the “Company”) Class A common stock on or before December 20, 2021, pursuant and/or traceable to the Offering Documents issued in connection with the initial public offering in October 2021 (“IPO”) and were damaged thereby, you may be entitled to a payment from a class action settlement.

Claim Administrator

Strategic Claims Services
600 North Jackson Street – Suite 205 Media, PA 19063
+1 866-274-4004
[email protected]

Hearing Date

April 11, 2025

Opt-out Deadline

March 21, 2025

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Apr 14, 2025

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 7, 2025

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.

Dec 16, 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.

Dec 16, 2024

Notice of Pendency

Dec 16, 2024

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 8, 2024

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Feb 19, 2024

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.

Aug 10, 2023

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Dec 19, 2022

Motion to Dismiss

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.

Dec 19, 2022

Motion to Dismiss

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.

Oct 18, 2022

First Amended Complaint

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

Aug 4, 2022

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.

Apr 14, 2022

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Stronghold Digital Mining, Inc..

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