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

Securities Class Action

Securities fraud litigation history and active cases

Active Cases

0

Pending Settlement

1

Closed

0

Total Settlement

$13.35M

Lightning eMotors, Inc. (ZEV) Class Action Lawsuit (October 2021)Pending Settlement

1:21cv2774 • October 15, 2021

Class Period Start

May 14, 2020

Class Period End

June 28, 2024

PSLRA Deadline

December 14, 2021

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

May 14, 2023

Sec11 Statutes of Repose

May 18, 2023

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

November 11, 2024

Settlement Fund

$13,350,000

Settlement Status

Final Approval

Settlement Class

All persons and entities who: (i) purchased or otherwise acquired publicly traded securities issued pursuant to GigCapital3, Inc.’s form S-1 registration statement declared effective on May 5, 2020 with the Securities and Exchange Commission, as amended by post-effective amendment no. 1, filed on May 13, 2020; (ii) all stockholders of GigCapital3, Inc. as of the March 15, 2021 record date that were entitled to vote on GigCapital3, Inc.’s proposed transaction to acquire Lightning Systems; (iii) purchased or otherwise acquired GigCapital3, Inc. or Lightning eMotors securities during the period from May 18, 2020 through August 16, 2021, inclusive, and were damaged thereby; or (iv) were record and beneficial holders of GigCapital3, Inc. Common Stock who held such stock during the time period from the record date (March 15, 2021) through the closing date (May 6, 2021).

Claim Administrator

Gilardi & Co. LLC
Lightning eMotors Securities Settlement Claims Administrator c/o Gilardi & Co. LLC P.O. Box 301170 Los Angeles, CA 90030-1170
+1 888-726-1695
[email protected]

Hearing Date

November 19, 2024

Opt-out Deadline

October 18, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Dec 3, 2024

Final Approval of Settlement

Oct 4, 2024

Motion for Final Approval of Settlement

Jul 23, 2024

Preliminary Approval of Settlement

Jul 23, 2024

Notice of Pendency

Jul 23, 2024

Proof of Claim Form

Jul 2, 2024

Motion for Preliminary Approval of Settlement

Jun 14, 2023

Motion to Dismiss

Jun 14, 2023

Motion to Dismiss

Feb 21, 2023

Motion to Dismiss Denied

Jul 13, 2022

Motion to Dismiss

Jul 13, 2022

Motion to Dismiss

May 20, 2022

First Amended Complaint

May 4, 2022

Scheduling Order

Apr 22, 2022

Appointment of Lead Plaintiff

Dec 1, 2021

Additional Complaint (Change in CP)

Oct 15, 2021

First Filed Complaint

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