The U.S. District Court for the Southern District of New York has approved a $7 million settlement of claims arising from the liquidation of VPC Impact Acquisition Holdings II, a special purpose acquisition company (SPAC). The court appointed plaintiff ATG Fund II LLC as lead plaintiff and Morris Kandinov LLP as lead counsel.
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 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.
