Settlement Announcement for Capstone Green Energy Securities
Overview of Legal Proceedings Relating to Capstone Green Energy
Pomerantz LLP and The Rosen Law Firm have initiated a class action lawsuit regarding the securities of Capstone Green Energy Corporation. The recent development from the United States District Court for the Central District has been the approval for announcing a proposed settlement that stands to benefit individuals who purchased Capstone Green Energy securities.
Class Action Settlement Details
This proposed class action settlement addresses claims made by a defined group of investors. The settlement is crucial for anyone who invested in Capstone Green Energy’s publicly traded securities between November 11, 2020, and October 4, 2023. Those affected are referred to as the Settlement Class. The comprehensive notice outlines how individuals within this timeframe are entitled to participate in the settlement process.
Importance of the Notice
The notice distributed contains significant details that all recipients should carefully consider. It communicates essential information about their rights and how the class action lawsuit will progress. Participation in this process is vital, as failure to act appropriately could impact entitlements regarding the settlement.
Proposed Settlement Amount
Pursuant to the latest updates, plaintiffs have proposed a settlement amount of $2,250,000 in cash. This sum is meant to resolve the claims asserted in the lawsuit against Capstone Green Energy. If the court approves this settlement, it will signify a pivotal moment for affected investors seeking reparation.
Scheduling the Fairness Hearing
A hearing is scheduled for evaluation and determination on the status of the proposed settlement. The court will assess whether the settlement can be considered fair and adequate. This hearing will occur on November 13, 2025, at 10:00 A.M., and attendance is encouraged for interested parties.
Claim Submission Process
Those belonging to the Settlement Class must take proactive steps to secure their potential financial recovery. A Claim Form must be submitted to the Claims Administrator, with a timeline stipulating no later than October 23, 2025, for mailed submissions. Alternatively, electronic submissions need to be completed by 11:59 P.M. ET on the same date. Non-compliance may result in disqualification from settlement benefits.
Exclusion from the Settlement Class
Should any individuals wish to opt-out of participating in the settlement, they may do so by submitting a request by the aforementioned deadline. Proper exclusion comprehensively relinquishes connection to the judgment or benefits from the settlement.
Objections to the Proposed Settlement
For those who have concerns regarding the proposed settlement, objections must be filed with the Clerk of the Court by the set deadline of October 23, 2025. This ensures transparency and allows all members of the Settlement Class to have their voices heard during proceedings.
Maintaining Open Communication
It is imperative for individuals with questions or uncertainties regarding the proposed settlement to contact the designated legal representatives. This clarification process aims to assist in understanding individual rights and options moving forward.
Contact Information for Claims Administration
The Claims Administrator is available to provide additional documents and support needed to navigate this legal process effectively. Interested party inquiries can reach out to the Claims Administrator at:
Thomas Spitzer v. Robert C. Flexon et al., No. 2:23-cv-08659
c/o Strategic Claims Services
P.O. Box 230
600 N. Jackson St., Ste. 205
Media, PA 19063
Toll-Free Number: (866) 274-4004
Fax: (610) 565-7985
Email: info@strategicclaims.net
Frequently Asked Questions
What is the purpose of the class action settlement?
The settlement aims to resolve claims against Capstone Green Energy for individuals who purchased its securities during the specified timeframe.
How can I participate in the settlement?
To participate, eligible members must submit a Claim Form before the deadline, either by mail or electronically.
What happens if I miss the claim submission deadline?
If you miss the deadline, you will be ineligible for any distribution from the settlement although bound by the Court's decisions.
How will I know if my claim is approved?
The Claims Administrator will provide updates and confirmation upon processing claims after the submission deadline.
Can I exclude myself from the settlement?
Yes, members can exclude themselves by requesting exclusion before the specified deadline, which permits them to forgo any judgments associated with the settlement.
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