Lead plaintiff ATG Fund II LLC and lead counsel Morris Kandinov LLP filed motions for (1) final approval of a $7 million settlement of claims arising from the liquidation of VPC Impact Acquisition Holdings II, a special purpose acquisition company (SPAC); and (2) attorneys’ fees, expenses, and an incentive award to lead plaintiff.
The settlement amount equates to approximately $0.29 per share before expenses, and will be distributed in addition to the prior distribution of the SPAC’s trust account, as set forth in the settlement notice distributed to members of the class. The final approval hearing is scheduled for September 26, 2024. Distribution is expected later in the fourth quarter.
The litigation is ATG Fund II LLC v. VPC Impact Acquisition Holdings Sponsor II, LLC, et al., No. 23-1978-JSR (SDNY).
Settlement information and materials are available at the official settlement website: https://www.vihiisettlement.com
Contact Aaron Morris for additional information.
