Liquidity Services, Inc. (LSI) is a publicly traded company that was involved in a securities litigation case, Howard, et al. v. Liquidity Services, Inc., et al. The case was filed in the United States District Court for the District of Columbia and has reached a proposed settlement. If approved, the settlement will resolve all claims against LSI and create a $17,000,000 cash fund to be distributed to eligible class members who purchased or acquired LSI's common stock between February 1, 2012, and May 7, 2014.
The settlement distribution took place on December 15, 2021, and the court is yet to decide whether to approve the settlement. Class members have the option to submit a proof of claim form to receive a payment, opt back into the class if they previously requested exclusion, object to the settlement, or attend a hearing to express their views. The settlement notice provides detailed information on the legal rights and options available to class members.
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