Proposed Settlement Announced for SharpSpring, Inc. Shareholders

Overview of the Proposed Settlement for SharpSpring, Inc. Shareholders

In an important development for former owners of SharpSpring, Inc. common stock, Kahn Swick & Foti LLC and Monteverde & Associates PC have announced a proposed settlement related to class action lawsuits. This notice serves to highlight the implications of the settlement for shareholders and what steps need to be taken by those affected.

Who Is Affected by the Settlement?

The settlement specifically concerns all past record and beneficial owners of SharpSpring, Inc. common stock. If you held such stock during a specified period from June to September of 2021, your rights may be significantly influenced by this settlement. Those who purchased or acquired shares within this timeframe are urged to pay close attention to the details outlined in this announcement.

Details About the Legal Actions

The proposed settlement arises from two significant class action lawsuits: Loren Trent Hightower v. Richard Carlson, et al. and Bradford Morse v. SharpSpring, Inc., et al.. Through these legal actions, concerns regarding the acquisition of SharpSpring by Constant Contact Inc. were raised, and the settlement aims to provide clarity and resolution for shareholders involved.

Objectives of the Settlement Hearing

The court will convene at the Leonard L. Williams Justice Center to address several critical points regarding the proposed settlement:

• Determining whether the class action can be maintained and if the necessary certification for the class should be granted.
• Assessing the adequacy of representation by the class representative and class counsel.
• Reviewing whether the settlement terms are fair and reasonable for all class members.
• Considering the proposed allocation of the settlement fund to ensure it is equitable.
• Evaluating any objections to the settlement raised by class members.

What Steps Should Class Members Take?

Class members are encouraged to familiarize themselves with their rights related to this settlement. If you fall within the defined class, it’s recommended that you prepare to file any objections to the stipulation or the terms set forth in the settlement agreement by a specified deadline about the upcoming hearing.

Key Dates and Plan of Action

The hearing for this settlement is scheduled, and class members are urged to mark their calendars. Should you have any questions, guidance can be sought from Kahn Swick & Foti LLC, who are acting as class counsel. They will be available to assist class members at their New Orleans office prior to the hearing.

Documenting Your Class Membership

For any objections or participation in the hearing, class members must provide adequate documentation proving their status as shareholders. This involves presenting brokerage statements or confirmations that detail holdings during the relevant periods specified in this notice.

Conclusion and Further Actions

In summary, the proposed settlement represents a significant milestone for current and former shareholders of SharpSpring, Inc. As these proceedings advance, it is vital for all class members to stay informed and engaged with the developments surrounding this announcement. Active participation can ensure that your rights are protected and that you receive any compensations due to you.

Frequently Asked Questions

1. What is the purpose of the proposed settlement?

The proposed settlement seeks to resolve claims made by shareholders regarding the acquisition of SharpSpring by Constant Contact Inc.

2. Who qualifies as a class member for this settlement?

Individuals or entities who held SharpSpring, Inc. common stock at any time from June 21, 2021, through September 1, 2021, are considered class members.

3. What should I do if I want to object to the settlement?

Class members wishing to object must file their objections in writing by the designated deadline prior to the settlement hearing.

4. When is the settlement hearing scheduled?

The settlement hearing is set to occur soon, and specific date details should be confirmed via notices sent to class members.

5. How can I obtain more information about the settlement?

For inquiries regarding the settlement, you can reach out to Kahn Swick & Foti LLC using the contact information provided in this notice.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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