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
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]
Settlement Website
https://www.lightningemotorssecuritiessettlement.com/Hearing Date
November 19, 2024
Opt-out Deadline
October 18, 2024
Settlement Note
Download hereProof Of Claim
Download here
Dec 3, 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.
Oct 4, 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.
Jul 23, 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.
Jul 23, 2024
Jul 23, 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.
Jul 2, 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.
Jun 14, 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.
Jun 14, 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.
Feb 21, 2023
The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.
Jul 13, 2022
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.
Jul 13, 2022
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.
May 20, 2022
A new complaint has been filed on behalf of certain investors in Lightning eMotors, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
May 4, 2022
Apr 22, 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.
Dec 1, 2021
Oct 15, 2021
A securities fraud class action complaint has been filed on behalf of certain investors in Lightning eMotors, Inc..
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