Settlement Announcement for Latch, Inc. Stock Holders

Author: Evelyn Baker Updated: 02-17-2025 09:15 AM

Proposed Class Action Settlement for Latch, Inc. Shareholders

The Rosen Law Firm has announced a significant class action settlement that aims to benefit the shareholders of Latch, Inc. As a responsible communication from the United States District Court for the Southern District of New York, this settlement proposes compensation for those who acquired Latch common stock during a set period.

Understanding the Class Action Settlement

The proposed settlement revolves around claims made against Latch, Inc. It seeks to provide financial compensation totaling $1,950,000, which, if approved, will resolve all related claims made in the lawsuit. It is essential for shareholders to recognize the implications of this settlement on their rights and financial interests.

Key Details of the Settlement

All individuals and entities that acquired common stock of Latch, Inc. from June 7, 2021, until August 1, 2023, are considered part of the Settlement Class. This class includes anyone who might be entitled to a payment from the settlement following the court's decision.

Settlement Hearing Schedule

Shareholders affected by this case are encouraged to note the date of the settlement hearing, which is set for May 28, 2025. During this hearing, the court will assess the fairness and adequacy of the proposed settlement, as well as consider appointments and guidelines related to the class action.

Participation Guidelines for Shareholders

To be part of the settlement, eligible class members must submit a Proof of Claim to the Claims Administrator. This step is crucial for potential payment from the settlement fund and must be done by April 28, 2025. Failing to file a proper claim may result in losing the right to receive compensation.

Exclusion from the Settlement Class

Any member wishing to exclude themselves from the Settlement Class must do so by submitting a request for exclusion by April 23, 2025. This option allows a member to pursue their claims independently and not be bound by any court judgments stemming from this class action.

Filing Objections and Inquiries

Should any Settlement Class member wish to object to the proposed settlement, they must file a formal objection with the court by April 23, 2025. It's vital that concerns and inquiries regarding this matter are directed to the Claims Administrator or lead counsel instead of contacting the court directly.

Contacting the Claims Administrator

For more information regarding the settlement, claims process, and to obtain necessary documentation, concerned individuals can contact the Claims Administrator. This contact can provide essential materials for participation in the settlement.

Frequently Asked Questions

What is the purpose of the proposed class action settlement?

The settlement aims to provide compensation to shareholders of Latch, Inc. who acquired common stock within a specified period.

When will the settlement hearing take place?

The court hearing for the proposed settlement is scheduled for May 28, 2025, where its fairness will be evaluated.

How can I file a claim for the settlement?

Eligible members must submit a Proof of Claim by April 28, 2025, to be considered for any compensation from the settlement.

What if I want to exclude myself from the settlement?

If you wish to opt-out from the Settlement Class, you must submit a request for exclusion by April 23, 2025.

Who should I contact for more information?

For any inquiries related to the settlement, you should reach out to the Claims Administrator or lead counsel representing the Settlement Class.

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.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.